Noram Lithium (CVE:NRM) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Noram Lithium Corp. (CVE:NRMGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.15 and traded as low as C$0.14. Noram Lithium shares last traded at C$0.15, with a volume of 22,000 shares trading hands.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.07 price target on shares of Noram Lithium and gave the stock a “buy” rating in a research report on Tuesday, July 9th.

Check Out Our Latest Research Report on NRM

Noram Lithium Price Performance

The company has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 26.78 and a current ratio of 4.57. The firm has a market cap of C$12.91 million, a P/E ratio of -2.42 and a beta of 1.26.

About Noram Lithium

(Get Free Report)

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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