Fundamental Research Analysts Give Noram Lithium (CVE:NRM) a C$1.14 Price Target

Fundamental Research set a C$1.14 price objective on Noram Lithium (CVE:NRM) in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Noram Lithium Trading Down 5.3 %

CVE NRM opened at C$0.09 on Thursday. The company has a current ratio of 4.57, a quick ratio of 26.78 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of C$0.14. Noram Lithium has a 12 month low of C$0.09 and a 12 month high of C$0.38. The firm has a market capitalization of C$8.01 million, a P/E ratio of -1.50 and a beta of 1.26.

About Noram Lithium

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.