Noram Lithium (CVE:NRM) Stock Price Passes Below 50 Day Moving Average of $0.71

Noram Lithium Corp. (CVE:NRM – Get Rating)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.71 and traded as low as C$0.61. Noram Lithium shares last traded at C$0.61, with a volume of 17,504 shares.

Noram Lithium Stock Down 3.2 %

The company has a market capitalization of C$54.19 million, a price-to-earnings ratio of 61.00 and a beta of 1.46. The firm’s 50 day moving average price is C$0.71 and its two-hundred day moving average price is C$0.60. The company has a current ratio of 29.54, a quick ratio of 26.78 and a debt-to-equity ratio of 0.60.

Noram Lithium Company Profile

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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 that covers an area of approximately 1,113 hectares located in Clayton Valley, Nevada. The company was formerly known as Noram Ventures Inc and changed its name to Noram Lithium Corp.