New Age Metals (CVE:NAM) Trading Up 12% – Should You Buy?

New Age Metals Inc. (CVE:NAM)’s stock price shot up 12% during trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28. 136,980 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 90,310 shares. The stock had previously closed at C$0.25.

Analysts Set New Price Targets

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

New Age Metals Trading Up 8.0%

The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average is C$0.33 and its 200-day moving average is C$0.25. The stock has a market capitalization of C$17.93 million, a price-to-earnings ratio of -45.00 and a beta of 0.05.

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.