New Age Metals (CVE:NAM) Shares Up 32.4% – Still a Buy?

by · The Markets Daily

Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) shot up 32.4% during mid-day trading on Thursday . The stock traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares were traded during trading, an increase of 1,978% from the average session 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 price objective on New Age Metals and gave the stock 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 MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$0.95.

Read Our Latest Research Report on NAM

New Age Metals Price Performance

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 business’s fifty day moving average is C$0.36 and its 200 day moving average is 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.

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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