New Age Metals (CVE:NAM) Trading Down 19.8% – Time to Sell?

Shares of New Age Metals Inc. (CVE:NAM) dropped 19.8% on Monday . The stock traded as low as C$0.42 and last traded at C$0.43. Approximately 379,193 shares were traded during trading, an increase of 251% from the average daily volume of 108,115 shares. The stock had previously closed at C$0.53.

Analyst Upgrades and Downgrades

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

New Age Metals Trading Down 17.9%

The business’s 50-day moving average price is C$0.37 and its 200-day moving average price is C$0.31. The firm has a market capitalization of C$28.89 million, a PE ratio of -72.50 and a beta of 0.08. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88.

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.