New Age Metals (CVE:NAM) Trading Down 1.5% – Time to Sell?

Shares of New Age Metals Inc. (CVE:NAM) traded down 1.5% during trading on Friday . The company traded as low as C$0.33 and last traded at C$0.33. 20,025 shares were traded during trading, a decline of 86% from the average session volume of 143,486 shares. The stock had previously closed at C$0.33.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.04 target price on shares of New Age Metals and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$1.04.

New Age Metals Stock Down 1.5%

The firm has a market cap of C$23.69 million, a PE ratio of 65.00 and a beta of -0.43. The business’s 50 day moving average price is C$0.33 and its 200 day moving average price is C$0.39. The company has a debt-to-equity ratio of 0.30, a current ratio of 28.08 and a quick ratio of 17.88.

New Age Metals Company Profile

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.