Noram Lithium (CVE:NRM) Sets New 1-Year High – Should You Buy?

Noram Lithium Corp. (CVE:NRM)’s share price hit a new 52-week high on Monday . The stock traded as high as C$0.17 and last traded at C$0.17, with a volume of 4527 shares trading hands. The stock had previously closed at C$0.17.

Noram Lithium Stock Performance

The company has a debt-to-equity ratio of 2.55, a current ratio of 0.15 and a quick ratio of 26.78. The firm has a market cap of C$15.21 million, a P/E ratio of -5.67 and a beta of -1.59. The stock’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.13.

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. The company was formerly known as Noram Ventures Inc and changed its name to Noram Lithium Corp. in July 2021. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.