New Age Metals (CVE:NAM) Trading 32.4% Higher – Here’s What Happened

by · The Cerbat Gem

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

Analysts Set New Price Targets

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

Get Our Latest Stock Report on NAM

New Age Metals Trading Up 32.4%

The business’s 50-day moving average price is C$0.36 and its 200 day moving average price is C$0.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The firm has a market capitalization of C$29.89 million, a price-to-earnings ratio of -75.00 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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