New Age Metals (CVE:NAM) Trading 12% Higher – Still a Buy?

by · The Markets Daily

New Age Metals Inc. (CVE:NAM – Get Free Report)’s stock price shot up 12% on Friday . The company traded as high as C$0.28 and last traded at C$0.28. 136,980 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 90,310 shares. The stock had previously closed at C$0.25.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on New Age Metals

New Age Metals Trading Up 8.0%

The stock’s 50-day moving average is C$0.33 and its two-hundred day moving average is C$0.25. 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$17.93 million, a P/E ratio of -45.00 and a beta of 0.05.

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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