Insider Buying: Noram Lithium Corp. (CVE:NRM) Director Buys C$10,304.00 in Stock

Noram Lithium Corp. (CVE:NRM) Director Arthur Brown bought 44,800 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was acquired at an average cost of C$0.23 per share, for a total transaction of C$10,304.00.

Arthur Brown also recently made the following trade(s):

• On Thursday, July 18th, Arthur Brown bought 3,000 shares of Noram Lithium stock. The stock was acquired at an average cost of C$0.26 per share, for a total transaction of C$780.00.
• On Friday, July 12th, Arthur Brown bought 8,100 shares of Noram Lithium stock. The stock was acquired at an average cost of C$0.26 per share, for a total transaction of C$2,106.00.

Noram Lithium Stock Performance

Shares of NRM opened at C$0.24 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 26.78 and a current ratio of 6.92. The stock has a market capitalization of C$21.34 million, a P/E ratio of -1.85 and a beta of 1.84. The company’s fifty day moving average is C$0.21 and its two-hundred day moving average is C$0.20. Noram Lithium Corp. has a 1 year low of C$0.10 and a 1 year high of C$0.57.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.07 price objective on shares of Noram Lithium and gave the company a “buy” rating in a research note on Tuesday, July 9th.

Noram Lithium Company Profile

Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project consisting of 146 placer claims and 136 lode claims covering an area of approximately 1,113 hectares located in Clayton Valley, Nevada.