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

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

Noram Lithium Stock Performance

The stock’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 26.78 and a current ratio of 4.57. The company has a market capitalization of C$11.13 million, a price-to-earnings ratio of -2.08 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.