Noram Lithium (CVE:NRM) Reaches New 1-Year Low – Here’s What Happened

Noram Lithium Corp. (CVE:NRMGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 14050 shares trading hands. The stock had previously closed at C$0.09.

Noram Lithium Trading Up 5.6 %

The company has a quick ratio of 26.78, a current ratio of 4.57 and a debt-to-equity ratio of 0.39. The company has a market cap of C$8.46 million, a price-to-earnings ratio of -1.58 and a beta of 1.26. The firm has a 50 day moving average price of C$0.12 and a two-hundred day moving average price of C$0.17.

Noram Lithium Company Profile

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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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