New Age Metals Inc. (CVE:NAM – Get 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%
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.
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