New Age Metals (CVE:NAM) Trading Down 3.8% – What’s Next?

New Age Metals Inc. (CVE:NAM)’s share price was down 3.8% during mid-day trading on Friday . The stock traded as low as C$0.50 and last traded at C$0.50. Approximately 96,441 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 170,227 shares. The stock had previously closed at C$0.52.

Analyst Ratings Changes

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

New Age Metals Stock Down 10.0%

The company has a market cap of C$32.80 million, a P/E ratio of -67.50 and a beta of 0.15. The company has a 50-day simple moving average of C$0.40 and a 200 day simple moving average of C$0.33. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.