Shares of Noram Lithium Corp. (CVE:NRM – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 73900 shares trading hands. The stock had previously closed at C$0.10.
Noram Lithium Stock Performance
The company has a market cap of C$7.69 million, a price-to-earnings ratio of -8.50 and a beta of -1.61. The firm’s 50 day simple moving average is C$0.16 and its 200-day simple moving average is C$0.14. The company has a debt-to-equity ratio of 1.92, a quick ratio of 26.78 and a current ratio of 0.84.
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.
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