New Age Metals (CVE:NAM) Trading Down 18% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAM) fell 18% on Thursday . The company traded as low as C$0.41 and last traded at C$0.41. 153,476 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 217,890 shares. The stock had previously closed at C$0.50.

Wall Street Analyst Weigh In

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

New Age Metals Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The company has a market cap of C$31.71 million, a PE ratio of -67.50 and a beta of -0.25. The business has a fifty day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.35.

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.