Noram Lithium Corp. (CVE:NRM – Get Free Report)’s share price fell 15.4% during mid-day trading on Thursday . The stock traded as low as C$0.11 and last traded at C$0.11. 172,330 shares were traded during mid-day trading, an increase of 332% from the average session volume of 39,897 shares. The stock had previously closed at C$0.13.
Noram Lithium Stock Down 15.4%
The firm has a market cap of C$9.84 million, a price-to-earnings ratio of -3.67 and a beta of -1.04. The stock’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.11. The company has a quick ratio of 26.78, a current ratio of 4.30 and a debt-to-equity ratio of 0.17.
About Noram Lithium
Noram Lithium Corp., through its subsidiary, Green Energy Resources Inc, engages in the acquisition, exploration, and development of mineral exploration properties. It holds 100% interests in the Zeus lithium project with 146 placer claims and 136 lode claims covering an area of 1,113 hectares located in Clayton Valley, Nevada, the United States.
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