New Age Metals (CVE:NAM) Stock Price Down 17.8% – Should You Sell?

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report) shares dropped 17.8% during mid-day trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares traded hands during mid-day trading, an increase of 582% from the average daily volume of 105,501 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, New Age Metals has an average rating of “Buy” and a consensus target price of C$0.95.

View Our Latest Stock Report on NAM

New Age Metals Trading Down 17.8%

The firm has a market cap of C$24.58 million, a P/E ratio of -61.67 and a beta of 0.08. The business’s 50-day moving average is C$0.36 and its two-hundred day moving average is C$0.29. The company has a current ratio of 52.48, a quick ratio of 17.88 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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