New Age Metals (CVE:NAM) Shares Down 17.8% – Should You Sell?

Shares of New Age Metals Inc. (CVE:NAM) were down 17.8% during trading on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares were traded during mid-day trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

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

New Age Metals Stock Down 17.8%

The firm’s 50 day moving average is C$0.36 and its two-hundred day moving average is C$0.29. The stock has a market cap of C$24.58 million, a price-to-earnings ratio of -61.67 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.