New Age Metals (CVE:NAM) Trading Down 17.8% – Time to Sell?

New Age Metals Inc. (CVE:NAM)’s share price dropped 17.8% during trading on Saturday . The company traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares traded hands during mid-day trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.95 price target on New Age Metals and gave the stock a “buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, New Age Metals presently has a consensus rating of “Buy” and an average price target of C$0.95.

New Age Metals Trading Down 17.8%

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 stock’s 50-day moving average is C$0.36 and its two-hundred day moving average is C$0.29. The company has a market cap of C$24.58 million, a P/E 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.