New Age Metals (CVE:NAM) Trading 16.2% Higher – Should You Buy?

New Age Metals Inc. (CVE:NAMGet Free Report)’s share price traded up 16.2% during mid-day trading on Monday . The company traded as high as C$0.45 and last traded at C$0.43. 294,829 shares changed hands during trading, an increase of 178% from the average session volume of 106,236 shares. The stock had previously closed at C$0.37.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on NAM

New Age Metals Trading Down 2.2%

The company has a market capitalization of C$28.89 million, a price-to-earnings ratio of -72.50 and a beta of 0.08. 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 business’s 50 day moving average price is C$0.36 and its two-hundred day moving average price is C$0.29.

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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