New Age Metals (CVE:NAM) Shares Up 33.8% – What’s Next?

New Age Metals Inc. (CVE:NAM)’s stock price shot up 33.8% during mid-day trading on Thursday . The company traded as high as C$0.47 and last traded at C$0.46. 2,072,358 shares traded hands during mid-day trading, an increase of 1,920% from the average session volume of 102,581 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

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

New Age Metals Trading Up 32.4%

The firm has a market capitalization of C$29.89 million, a price-to-earnings 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 quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.

New Age Metals Company Profile

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.