New Age Metals (CVE:NAM) Trading Up 32.4% – What’s Next?

by · The Markets Daily

New Age Metals Inc. (CVE:NAM – Get Free Report) traded up 32.4% during trading on Friday . The company traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares traded hands 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 Upgrades and Downgrades

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

Get Our Latest Analysis on NAM

New Age Metals Stock Up 32.4%

The firm has a market capitalization of C$29.89 million, a PE ratio of -75.00 and a beta of 0.08. 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 firm has a 50-day moving average of C$0.36 and a two-hundred day moving average of C$0.29.

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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