New Age Metals (CVE:NAM) Given a C$0.95 Price Target by Fundamental Research Analysts

New Age Metals (CVE:NAM) has been assigned a C$0.95 price target by Fundamental Research in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s target price would suggest a potential upside of 160.27% from the company’s previous close.

New Age Metals Stock Performance

CVE NAM traded down C$0.03 on Tuesday, hitting C$0.37. 13,000 shares of the company’s stock traded hands, compared to its average volume of 79,402. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. New Age Metals has a 1-year low of C$0.07 and a 1-year high of C$0.55. The firm’s 50-day moving average price is C$0.33 and its two-hundred day moving average price is C$0.25. The firm has a market capitalization of C$24.24 million, a PE ratio of -60.83 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.