Noram Lithium (CVE:NRM) Sets New 52-Week High – Here’s Why

Noram Lithium Corp. (CVE:NRM) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18, with a volume of 16375 shares. The stock had previously closed at C$0.19.

Noram Lithium Stock Down 2.7%

The business has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.14. The stock has a market cap of C$16.10 million, a PE ratio of -6.00 and a beta of -1.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.15 and a quick ratio of 26.78.

Noram Lithium Company Profile

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. The company was formerly known as Noram Ventures Inc and changed its name to Noram Lithium Corp. in July 2021. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.