New Age Metals (CVE:NAM) Sets New 12-Month High – Still a Buy?

New Age Metals Inc. (CVE:NAM)’s share price reached a new 52-week high on Monday . The company traded as high as C$0.60 and last traded at C$0.56, with a volume of 480798 shares changing hands. The stock had previously closed at C$0.48.

Analyst Ratings Changes

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

New Age Metals Stock Up 7.4%

The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of C$0.42 and a 200-day simple moving average of C$0.34. The stock has a market cap of C$33.87 million, a P/E ratio of -67.50 and a beta of 0.15.

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.