Noram Lithium Corp. (CVE:NRM – Get Free Report)’s share price dropped 30.5% during mid-day trading on Friday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 1,012,600 shares traded hands during trading, an increase of 1,782% from the average daily volume of 53,794 shares. The stock had previously closed at C$0.19.
Noram Lithium Trading Down 31.6%
The company has a debt-to-equity ratio of 2.55, a quick ratio of 26.78 and a current ratio of 0.15. The stock’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is C$0.14. The firm has a market capitalization of C$11.63 million, a PE ratio of -4.33 and a beta of -1.61.
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. 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.
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