Noram Lithium (CVE:NRM) Shares Up 4.2% – Still a Buy?

Noram Lithium Corp. (CVE:NRM) shares rose 4.2% during mid-day trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 5,947 shares changed hands during trading, a decline of 91% from the average daily volume of 68,362 shares. The stock had previously closed at C$0.12.

Noram Lithium Trading Up 4.2 %

The company has a market cap of C$11.13 million, a PE ratio of -2.08 and a beta of 1.26. The business has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.18. 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.