Noram Lithium (CVE:NRM) Hits New 1-Year High – Here’s Why

Noram Lithium Corp. (CVE:NRM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.20 and last traded at C$0.19, with a volume of 66500 shares changing hands. The stock had previously closed at C$0.19.

Noram Lithium Price Performance

The company has a market cap of C$17.00 million, a P/E ratio of -6.33 and a beta of -1.72. The company has a fifty day simple moving average of C$0.17 and a 200-day simple moving average of C$0.14. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.15 and a quick ratio of 26.78.

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.