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

New Age Metals Inc. (CVE:NAM)’s stock price hit a new 52-week low 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 trading hands. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

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

New Age Metals Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 37.26 and a quick ratio of 17.88. The stock has a market cap of C$10.92 million, a PE ratio of -7.37 and a beta of -1.02. The business has a 50 day moving average price of C$0.19 and a two-hundred day moving average price of C$0.30.

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.