New Age Metals (CVE:NAM) Stock Price Up 32.4% – Time to Buy?

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report)’s stock price rose 32.4% during mid-day trading on Friday . The stock traded as high as C$0.48 and last traded at C$0.45. Approximately 2,138,384 shares changed hands during mid-day 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 target price on New Age Metals and gave the company a “buy” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, New Age Metals has a consensus rating of “Buy” and an average target price of C$0.95.

View Our Latest Stock Analysis on New Age Metals

New Age Metals Stock Up 32.4%

The firm has a market capitalization of C$29.89 million, a P/E ratio of -75.00 and a beta of 0.08. The company has a fifty day simple moving average of C$0.36 and a 200 day simple moving average of C$0.29. 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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