New Age Metals (CVE:NAM) Stock Price Down 17.8% – Time to Sell?

Shares of New Age Metals Inc. (CVE:NAM) fell 17.8% during trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.37. 719,175 shares traded hands 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 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, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Price Performance

The stock has a market capitalization of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08. 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 fifty day simple moving average of C$0.36 and a two-hundred day simple moving average 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.