New Age Metals (CVE:NAM) Trading 32.4% Higher – Time to Buy?

Shares of New Age Metals Inc. (CVE:NAM) shot up 32.4% during mid-day trading on Thursday . The stock traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares changed hands during trading, an increase of 1,978% from the average session volume of 102,886 shares. The stock had previously closed at C$0.34.

Wall Street Analyst Weigh In

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

New Age Metals Stock Up 32.4%

The business’s fifty day moving average price is C$0.36 and its 200 day moving average price is C$0.29. The firm has a market capitalization of C$29.89 million, a price-to-earnings ratio of -75.00 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.

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.