New Age Metals (CVE:NAM) Sets New 1-Year Low – Here’s What Happened

New Age Metals Inc. (CVE:NAM – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The stock traded as low as C$0.14 and last traded at C$0.14, with a volume of 60,424 shares changing hands. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.63 price objective on New Age Metals and gave the company a “buy” rating in a report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, New Age Metals currently has an average rating of “Buy” and an average target price of C$0.63.

Check Out Our Latest Analysis on New Age Metals

New Age Metals Stock Performance

The company has a market cap of C$10.92 million, a PE ratio of -7.37 and a beta of -1.02. The business’s 50-day moving average is C$0.19 and its 200 day moving average is C$0.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 17.88 and a current ratio of 37.26.

New Age Metals Company Profile

(Get Free Report)

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.

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