Noram Lithium (CVE:NRM) Sets New 1-Year Low – Should You Sell?

Noram Lithium Corp. (CVE:NRM)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 72000 shares changing hands. The stock had previously closed at C$0.09.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.14 price target on shares of Noram Lithium and gave the company a “buy” rating in a report on Thursday, January 30th.

Noram Lithium Stock Performance

The firm’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 26.78 and a current ratio of 4.30. The firm has a market capitalization of C$8.00 million, a PE ratio of -2.45 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.