New Age Metals (CVE:NAM) Trading Up 32.4% – Here’s What Happened

New Age Metals Inc. (CVE:NAM)’s share price traded up 32.4% during mid-day trading on Thursday . The company traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares traded 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.

Analyst Upgrades and Downgrades

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

New Age Metals Price Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The company 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 50-day moving average price of C$0.36 and a 200-day moving average price of C$0.29.

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.