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

by · The Markets Daily

Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) rose 32.4% on Friday . The stock traded as high as C$0.48 and last traded at C$0.45. Approximately 2,138,384 shares changed hands during trading, an increase of 1,978% from the average daily volume of 102,886 shares. The stock had previously closed at C$0.34.

Analyst Ratings Changes

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

View Our Latest Stock Report on New Age Metals

New Age Metals Stock Up 32.4%

The firm has a market capitalization of C$29.89 million, a P/E ratio of -75.00 and a beta of 0.08. 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’s 50-day moving average is C$0.36 and its 200 day moving average is 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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