New Age Metals (CVE:NAM) Stock Price Up 32.4% – Here’s Why

New Age Metals Inc. (CVE:NAM) shares traded up 32.4% during trading on Friday . The stock traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares traded hands during mid-day trading, an increase of 1,978% from the average session volume of 102,886 shares. The stock had previously closed at C$0.34.

Wall Street Analyst Weigh In

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

New Age Metals Price Performance

The company has a 50 day simple moving average of C$0.36 and a 200 day simple moving average of C$0.29. The company has a market capitalization of C$29.89 million, a price-to-earnings ratio of -75.00 and a beta of 0.08. The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.

New Age Metals Company Profile

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.