New Age Metals (CVE:NAM) Trading Up 20.8% – Still a Buy?

Shares of New Age Metals Inc. (CVE:NAM) were up 20.8% on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 579,851 shares changed hands during mid-day trading, an increase of 521% from the average daily volume of 93,371 shares. The stock had previously closed at C$0.27.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price target on New Age Metals and gave the company a “buy” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Trading Up 20.8%

The company has a market capitalization of C$21.25 million, a PE ratio of -53.33 and a beta of 0.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The company’s fifty day moving average is C$0.34 and its 200-day moving average is C$0.27.

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.