New Age Metals (CVE:NAM) Stock Price Down 17.8% – Here’s Why

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report)’s share price was down 17.8% during trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares changed hands during trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

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

Get Our Latest Report on NAM

New Age Metals Price Performance

The firm has a market capitalization of C$24.58 million, a PE ratio of -61.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The stock has a fifty day moving average price of C$0.36 and a 200-day moving average price 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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