New Age Metals (CVE:NAM) Trading Down 5.7% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAM) fell 5.7% during mid-day trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.42. 21,551 shares were traded during mid-day trading, a decline of 80% from the average session volume of 108,287 shares. The stock had previously closed at C$0.44.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price objective on 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, New Age Metals currently has an average rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Stock Down 11.4%

The firm has a market capitalization of C$25.90 million, a PE ratio of -65.00 and a beta of 0.08. The stock has a 50-day simple moving average of C$0.37 and a 200-day simple moving average of C$0.31. The company has a quick ratio of 17.88, a current ratio of 52.48 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.