New Age Metals (CVE:NAM) Shares Down 17.8% – Should You Sell?

by · The Cerbat Gem

New Age Metals Inc. (CVE:NAM – Get Free Report)’s share price fell 17.8% during mid-day trading on Saturday . The company traded as low as C$0.37 and last traded at C$0.37. 719,175 shares were traded during mid-day trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on NAM

New Age Metals Trading Down 17.8%

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

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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