New Age Metals (CVE:NAM) Shares Down 16.7% – Here’s Why

by · The Cerbat Gem

Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) fell 16.7% during mid-day trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.38. 649,701 shares changed hands during trading, an increase of 518% from the average session volume of 105,133 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

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

Get Our Latest Analysis on New Age Metals

New Age Metals Price Performance

The firm’s fifty day simple moving average is C$0.36 and its 200-day simple moving average is C$0.29. The firm has a market capitalization of C$25.24 million, a PE ratio of -63.33 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.

About New Age Metals

(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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