New Age Metals (CVE:NAM) Stock Price Up 32.4% – Here’s What Happened

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report)’s stock price traded up 32.4% during trading on Friday . The stock traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares were traded during trading, an increase of 1,978% from the average session volume of 102,886 shares. The stock had previously closed at C$0.34.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on New Age Metals

New Age Metals Trading Up 32.4%

The company’s fifty day simple moving average is C$0.36 and its two-hundred day simple moving average is C$0.29. The company has a market capitalization of C$29.89 million, a price-to-earnings ratio of -75.00 and a beta of 0.08. The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.

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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