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)’s stock price dropped 17.8% during mid-day trading on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares changed hands during mid-day trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on New Age Metals

New Age Metals Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The company has a market cap of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08. The firm has a 50 day simple moving average of C$0.36 and a 200-day simple moving average of C$0.29.

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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