Insider Buying: Noram Lithium (CVE:NRM) Director Buys 200,000 Shares of Stock

Noram Lithium Corp. (CVE:NRM) Director C. Tucker Barrie acquired 200,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average cost of C$0.07 per share, for a total transaction of C$14,000.00. Following the acquisition, the director owned 2,519,000 shares in the company, valued at C$176,330. This represents a 8.62% increase in their ownership of the stock.

Noram Lithium Price Performance

NRM stock remained flat at C$0.07 during midday trading on Monday. The company had a trading volume of 317,500 shares, compared to its average volume of 83,328. Noram Lithium Corp. has a twelve month low of C$0.07 and a twelve month high of C$0.20. The firm has a 50 day moving average of C$0.12 and a two-hundred day moving average of C$0.14. The company has a quick ratio of 26.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.92. The company has a market cap of C$6.34 million, a PE ratio of -7.00 and a beta of -1.35.

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.