New Age Metals (CVE:NAM) Reaches New 1-Year High – Here’s Why

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

Analyst Ratings Changes

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

New Age Metals Trading Up 7.4%

The firm has a market capitalization of C$33.87 million, a price-to-earnings ratio of -67.50 and a beta of 0.15. The company has a fifty day moving average price of C$0.42 and a 200-day moving average price of C$0.34. The company has a current ratio of 52.48, a quick ratio of 17.88 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.