New Age Metals (CVE:NAM) Shares Down 17.8% – What’s Next?

New Age Metals Inc. (CVE:NAM)’s share price fell 17.8% on Saturday . The company traded as low as C$0.37 and last traded at C$0.37. 719,175 shares changed hands during mid-day trading, an increase of 581% from the average session 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 research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$0.95.

New Age Metals Stock Down 17.8%

The business has a 50-day moving average price of C$0.36 and a 200-day moving average price of C$0.29. The stock has a market cap of C$24.58 million, a PE ratio of -61.67 and a beta of 0.08. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.