New Age Metals (CVE:NAM) Trading Up 32.4% – Time to Buy?

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report)’s share price traded up 32.4% during trading on Thursday . The company traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares were traded during mid-day trading, an increase of 1,978% from the average session volume of 102,886 shares. The stock had previously closed at C$0.34.

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 note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$0.95.

Check Out Our Latest Analysis on NAM

New Age Metals Stock Up 32.4%

The firm has a 50-day moving average of C$0.36 and a two-hundred day moving average of C$0.29. The firm has a market cap of C$29.89 million, a price-to-earnings ratio of -75.00 and a beta of 0.08. 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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