Noram Lithium (CVE:NRM) Sets New 52-Week Low – Should You Sell?

Noram Lithium Corp. (CVE:NRM) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.10 and last traded at C$0.09, with a volume of 98014 shares changing hands. The stock had previously closed at C$0.10.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.14 price target on shares of Noram Lithium and gave the stock a “buy” rating in a research report on Thursday.

Noram Lithium Price Performance

The company has a market cap of C$8.01 million, a P/E ratio of -1.50 and a beta of 1.26. The company’s 50-day moving average price is C$0.10 and its two-hundred day moving average price is C$0.14. The company has a current ratio of 4.57, a quick ratio of 26.78 and a debt-to-equity ratio of 0.39.

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.