New Age Metals (CVE:NAM) Trading Down 17.8% – Here’s What Happened

by · The Markets Daily

New Age Metals Inc. (CVE:NAM – Get Free Report) dropped 17.8% during trading on Friday . The company 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 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on NAM

New Age Metals Stock Down 17.8%

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 firm has a market capitalization of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08. The firm 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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