New Age Metals (CVE:NAM) Stock Price Down 17.8% – Here’s What Happened

New Age Metals Inc. (CVE:NAMGet Free Report)’s share price fell 17.8% during mid-day trading on Saturday . The company traded as low as C$0.37 and last traded at C$0.37. 719,175 shares were traded during mid-day trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on NAM

New Age Metals Trading Down 17.8%

The company’s 50 day simple moving average is C$0.36 and its 200 day simple moving average 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 firm has a market cap of C$24.58 million, a price-to-earnings ratio of -61.67 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

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