New Age Metals (CVE:NAM) Trading 20% Higher – Still a Buy?

Shares of New Age Metals Inc. (CVE:NAM) rose 20% during trading on Saturday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 195,568 shares traded hands during trading, an increase of 116% from the average daily volume of 90,617 shares. The stock had previously closed at C$0.25.

Analysts Set New Price Targets

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. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Stock Performance

The stock has a market cap of C$19.93 million, a PE ratio of -50.00 and a beta of 0.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The business’s fifty day moving average price is C$0.33 and its 200-day moving average price is C$0.25.

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.