Noram Lithium (CVE:NRM) Given a C$1.14 Price Target at Fundamental Research

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

Noram Lithium Trading Down 5.0 %

Shares of NRM opened at C$0.10 on Thursday. Noram Lithium has a 1-year low of C$0.09 and a 1-year high of C$0.38. The company has a market capitalization of C$8.46 million, a P/E ratio of -1.58 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.57 and a quick ratio of 26.78. The firm’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.14.

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.