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

Noram Lithium Corp. (CVE:NRM)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 225008 shares. The stock had previously closed at C$0.10.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.14 price target on shares of Noram Lithium and gave the stock a “buy” rating in a report on Thursday, January 30th.

Noram Lithium Trading Down 5.3 %

The company has a market cap of C$8.47 million, a price-to-earnings ratio of -2.60 and a beta of 1.26. The business’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 26.78.

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.