New Age Metals (CVE:NAM) Stock Price Down 17.8% – Should You Sell?

New Age Metals Inc. (CVE:NAM) shares were down 17.8% on Friday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares traded hands during trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

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 report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$0.95.

New Age Metals Stock Down 17.8%

The business has a 50-day simple moving average of C$0.36 and a 200-day simple moving average of C$0.29. 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 company has a market cap of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08.

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.