New Age Metals (CVE:NAM) Shares Up 100% – What’s Next?

New Age Metals Inc. (CVE:NAM) shot up 100% during trading on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.21. 549,147 shares were traded during trading, an increase of 809% from the average session volume of 60,441 shares. The stock had previously closed at C$0.11.

New Age Metals Price Performance

The company has a market capitalization of C$10.98 million, a P/E ratio of -12.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The firm’s 50-day moving average is C$0.11 and its 200-day moving average is C$0.10.

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.