Noram Lithium (CVE:NRM) Shares Down 8.8%

Noram Lithium Corp. (CVE:NRM) was down 8.8% during mid-day trading on Tuesday . The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 263,400 shares were traded during trading, an increase of 180% from the average daily volume of 94,111 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

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

Noram Lithium Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.78, a quick ratio of 26.78 and a current ratio of 6.92. The company has a 50 day moving average of C$0.19 and a two-hundred day moving average of C$0.21. The stock has a market cap of C$23.56 million, a PE ratio of -2.04 and a beta of 1.84.

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.