New Age Metals (CVE:NAM) Stock Price Up 20.8% – Here’s What Happened

New Age Metals Inc. (CVE:NAM) shares rose 20.8% during mid-day trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.32. Approximately 579,851 shares traded hands during mid-day trading, an increase of 520% from the average daily volume of 93,506 shares. The stock had previously closed at C$0.27.

Wall Street Analysts Forecast Growth

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

New Age Metals Stock Up 20.8%

The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is C$0.34 and its two-hundred day moving average price is C$0.27. The stock has a market capitalization of C$21.25 million, a P/E ratio of -53.33 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.