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

New Age Metals Inc. (CVE:NAM)’s stock price was down 17.8% during mid-day trading on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares changed hands during mid-day trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, New Age Metals has an average rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Stock Down 17.8%

The firm has a market cap of C$24.58 million, a PE ratio of -61.67 and a beta of 0.08. The company has a 50-day simple moving average of C$0.36 and a 200-day simple moving average of C$0.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88.

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.