Insider Buying: Noram Lithium (CVE:NRM) Director Buys C$14,000.00 in Stock

Noram Lithium Corp. (CVE:NRM) Director C. Tucker Barrie acquired 200,000 shares of Noram Lithium stock in a transaction on Friday, July 24th. The shares were bought at an average price of C$0.07 per share, for a total transaction of C$14,000.00. Following the completion of the purchase, the director directly owned 2,519,000 shares in the company, valued at C$176,330. The trade was a 8.62% increase in their ownership of the stock.

Noram Lithium Price Performance

NRM opened at C$0.07 on Thursday. The company has a 50-day moving average of C$0.11 and a 200-day moving average of C$0.14. The company has a market capitalization of C$6.34 million, a P/E ratio of -7.00 and a beta of -1.35. Noram Lithium Corp. has a 1-year low of C$0.07 and a 1-year high of C$0.20. The company has a debt-to-equity ratio of 1.92, a quick ratio of 26.78 and a current ratio of 0.84.

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. The company was formerly known as Noram Ventures Inc and changed its name to Noram Lithium Corp. in July 2021. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.