New Age Metals (CVE:NAM) Stock Price Down 17.8% – What’s Next?

New Age Metals Inc. (CVE:NAM) fell 17.8% on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. 719,175 shares traded hands during trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

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 MarketBeat, New Age Metals presently has an average rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Stock Performance

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