New Age Metals (CVE:NAM) Stock Price Up 32.4% – Here’s Why

New Age Metals Inc. (CVE:NAM)’s stock price shot up 32.4% 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 mid-day trading, an increase of 1,982% from the average session volume of 102,695 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

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

New Age Metals Stock Up 32.4%

The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is C$0.36 and its 200-day moving average price is C$0.29. The company has a market cap of C$29.89 million, a price-to-earnings ratio of -75.00 and a beta of 0.08.

About New Age Metals

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.