Insider Buying: Noram Lithium Corp. (CVE:NRM) Director Buys 44,800 Shares of Stock

Noram Lithium Corp. (CVE:NRM) Director Arthur Brown purchased 44,800 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average price of C$0.23 per share, with a total value of C$10,304.00.

Arthur Brown also recently made the following trade(s):

• On Thursday, July 18th, Arthur Brown purchased 3,000 shares of Noram Lithium stock. The shares were acquired at an average price of C$0.26 per share, with a total value of C$780.00.
• On Friday, July 12th, Arthur Brown purchased 8,100 shares of Noram Lithium stock. The shares were acquired at an average price of C$0.26 per share, with a total value of C$2,106.00.

Noram Lithium Stock Performance

Shares of CVE NRM opened at C$0.24 on Monday. The business has a fifty day simple moving average of C$0.21 and a 200 day simple moving average of C$0.20. The company has a current ratio of 6.92, a quick ratio of 26.78 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of C$21.34 million, a price-to-earnings ratio of -1.85 and a beta of 1.84. Noram Lithium Corp. has a one year low of C$0.10 and a one year high of C$0.57.

Analyst Ratings Changes

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

Noram Lithium Company Profile

Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Its flagship property is the Zeus Lithium project consisting of 146 placer claims and 136 lode claims covering an area of approximately 1,113 hectares located in Clayton Valley, Nevada.