Noram Lithium (CVE:NRM) Shares Down 8.8%

Shares of Noram Lithium Corp. (CVE:NRM) fell 8.8% during trading on Tuesday . The company traded as low as C$0.26 and last traded at C$0.26. 263,400 shares changed hands during trading, an increase of 180% from the average session volume of 94,111 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.07 price objective on Noram Lithium and gave the stock a “buy” rating in a report on Tuesday.

Noram Lithium Trading Down 14.5 %

The firm has a market capitalization of C$20.89 million, a price-to-earnings ratio of -2.12 and a beta of 1.84. 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 business has a fifty day moving average price of C$0.19 and a 200 day moving average price of C$0.21.

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.