New Age Metals (CVE:NAM) Shares Down 1.2% – Here’s What Happened

Shares of New Age Metals Inc. (CVE:NAM) dropped 1.2% during trading on Thursday . The stock traded as low as C$0.40 and last traded at C$0.42. Approximately 218,243 shares traded hands during trading, a decline of 2% from the average daily volume of 223,787 shares. The stock had previously closed at C$0.43.

Wall Street Analyst Weigh In

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 research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, New Age Metals has a consensus rating of “Buy” and an average target price of C$0.95.

New Age Metals Stock Performance

The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The company has a market cap of C$31.34 million, a PE ratio of -67.50 and a beta of -0.25. The firm’s 50-day simple moving average is C$0.46 and its two-hundred day simple moving average is C$0.37.

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.