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

New Age Metals Inc. (CVE:NAM) shares rose 20% on Saturday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 195,568 shares were traded during trading, an increase of 116% from the average daily 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 target price on shares of New Age Metals and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Stock Performance

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 firm has a market capitalization of C$19.93 million, a P/E ratio of -50.00 and a beta of 0.05. The company’s 50 day moving average is C$0.33 and its 200-day moving average is C$0.26.

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.