Noram Lithium (CVE:NRM) Shares Cross Below 50-Day Moving Average of $0.20

Noram Lithium Corp. (CVE:NRM) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.20 and traded as low as C$0.15. Noram Lithium shares last traded at C$0.15, with a volume of 16,600 shares changing hands.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.07 price objective on Noram Lithium and gave the stock a “buy” rating in a research report on Tuesday, July 9th.

Noram Lithium Price Performance

The firm has a market cap of C$13.36 million, a P/E ratio of -2.50 and a beta of 1.30. The company has a current ratio of 7.52, a quick ratio of 26.78 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of C$0.20 and a two-hundred day moving average of C$0.20.

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.