Noram Lithium (CVE:NRM) Hits New 12-Month High – What’s Next?

Shares of Noram Lithium Corp. (CVE:NRM) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 46650 shares. The stock had previously closed at C$0.19.

Noram Lithium Price Performance

The company’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.14. The company has a quick ratio of 26.78, a current ratio of 0.15 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of C$16.55 million, a price-to-earnings ratio of -6.17 and a beta of -1.72.

Noram Lithium Company Profile

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.