New Age Metals (CVE:NAM) Stock Price Down 16.7% – Should You Sell?

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report) shares fell 16.7% on Friday . The stock traded as low as C$0.37 and last traded at C$0.38. 620,201 shares traded hands during trading, an increase of 505% from the average session volume of 102,565 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.95 price target on shares of New Age Metals and gave the company a “buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$0.95.

View Our Latest Report on New Age Metals

New Age Metals Trading Down 15.6%

The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of C$0.36 and a 200-day moving average of C$0.29. The stock has a market cap of C$25.24 million, a PE ratio of -63.33 and a beta of 0.08.

New Age Metals Company Profile

(Get Free Report)

New Age Metals Inc, a mineral exploration company, engages in the acquisition, exploration, and development of platinum group metals (PGMs), and precious and base metal properties in Canada. The company explores for rhodium, palladium, platinum, gold, nickel, copper, and lithium deposits. It holds interests in the River Valley PGE project located in the Dana and Pardo townships of Northern Ontario; the Genesis PGE project located in south central Alaska; and lithium projects situated to the northeast of Winnipeg, Manitoba.

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