Noram Lithium (CVE:NRM) Shares Cross Above 50-Day Moving Average – What’s Next?

Noram Lithium Corp. (CVE:NRMGet Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.11 and traded as high as C$0.14. Noram Lithium shares last traded at C$0.13, with a volume of 41,400 shares traded.

Noram Lithium Stock Down 3.7%

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 26.78. The business’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.11. The company has a market capitalization of C$11.63 million, a PE ratio of -4.33 and a beta of -1.04.

Noram Lithium Company Profile

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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.

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