Noram Lithium (CVE:NRM) Reaches New 12-Month Low – Should You Sell?

Noram Lithium Corp. (CVE:NRM) shares hit a new 52-week low during trading on Friday . The company traded as low as C$0.10 and last traded at C$0.09, with a volume of 98014 shares trading hands. The stock had previously closed at C$0.10.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.14 target price on Noram Lithium and gave the company a “buy” rating in a research report on Thursday.

Noram Lithium Trading Down 5.3 %

The firm has a market cap of C$8.01 million, a price-to-earnings ratio of -1.50 and a beta of 1.26. The business’s 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 26.78 and a current ratio of 4.57.

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.