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

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

Noram Lithium Price Performance

NRM opened at C$0.09 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.57 and a quick ratio of 26.78. The company’s 50 day simple moving average is C$0.10 and its 200-day simple moving average is C$0.14. Noram Lithium has a one year low of C$0.09 and a one year high of C$0.38. The stock has a market capitalization of C$8.01 million, a P/E ratio of -1.50 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.