New Age Metals (CVE:NAM) Trading Down 18.9% – Should You Sell?

Shares of New Age Metals Inc. (CVE:NAM) fell 18.9% on Friday . The stock traded as low as C$0.37 and last traded at C$0.37. 712,175 shares traded hands during mid-day trading, an increase of 576% from the average session volume of 105,300 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

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

New Age Metals Price Performance

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 has a market capitalization of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08. The business’s fifty day simple moving average is C$0.36 and its 200 day simple moving average is C$0.29.

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.