Noram Lithium (CVE:NRM) PT Set at C$1.14 by Fundamental Research

Noram Lithium (CVE:NRM) has been assigned a C$1.14 price target by investment analysts at Fundamental Research in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock.

Noram Lithium Stock Performance

Noram Lithium stock traded down C$0.01 during trading hours on Thursday, hitting C$0.10. The stock had a trading volume of 34,000 shares, compared to its average volume of 23,079. The company has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.14. The company has a quick ratio of 26.78, a current ratio of 4.57 and a debt-to-equity ratio of 0.39. Noram Lithium has a fifty-two week low of C$0.09 and a fifty-two week high of C$0.38. The company has a market cap of C$8.46 million, a PE ratio of -1.58 and a beta of 1.26.

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.