New Age Metals (CVE:NAM) Stock Price Up 32.4% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAMGet Free Report) were up 32.4% during trading on Friday . The company traded as high as C$0.48 and last traded at C$0.45. Approximately 2,138,384 shares traded hands during trading, an increase of 1,978% from the average daily volume of 102,886 shares. The stock had previously closed at C$0.34.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on NAM

New Age Metals Stock Performance

The business’s fifty day moving average price is C$0.36 and its 200-day moving average price is C$0.29. 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 stock has a market capitalization of C$29.89 million, a PE ratio of -75.00 and a beta of 0.08.

New Age Metals Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for New Age Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Age Metals and related companies with MarketBeat.com's FREE daily email newsletter.