Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) were down 14.3% during mid-day trading on Friday . The company traded as low as C$0.20 and last traded at C$0.21. Approximately 447,686 shares traded hands during trading, an increase of 299% from the average daily volume of 112,216 shares. The stock had previously closed at C$0.24.
New Age Metals Price Performance
The company has a debt-to-equity ratio of 0.24, a current ratio of 36.22 and a quick ratio of 17.88. The company’s 50 day moving average price is C$0.26 and its 200 day moving average price is C$0.32. The firm has a market capitalization of C$16.40 million, a P/E ratio of 45.00 and a beta of -0.65.
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.
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