New Age Metals (CVE:NAM) Trading Up 20% – Should You Buy?

New Age Metals Inc. (CVE:NAM)’s stock price traded up 20% during trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. 195,568 shares were traded during mid-day trading, an increase of 116% from the average session volume of 90,617 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

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

New Age Metals Price Performance

The stock has a market capitalization of C$19.93 million, a P/E 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 has a fifty day simple moving average of C$0.33 and a 200-day simple moving average of C$0.25.

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.