New Age Metals (CVE:NAM) Stock Price Up 30.9% – Still a Buy?

Shares of New Age Metals Inc. (CVE:NAM) shot up 30.9% during mid-day trading on Thursday . The company traded as high as C$0.47 and last traded at C$0.45. 1,768,908 shares were traded during mid-day trading, an increase of 1,647% from the average session volume of 101,282 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price target 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, Based on data from MarketBeat, New Age Metals currently has a consensus rating of “Buy” and a consensus target price 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$29.89 million, a price-to-earnings ratio of -75.00 and a beta of 0.08. The firm has a 50 day simple moving average of C$0.36 and a 200-day simple moving average of C$0.29.

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.