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

Shares of New Age Metals Inc. (CVE:NAM) traded down 17.8% during mid-day trading on Saturday . The stock 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.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price objective 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 currently has an average rating of “Buy” and an average target price of C$0.95.

New Age Metals Trading Down 17.8%

The company’s fifty day moving average is C$0.36 and its 200-day moving average is C$0.29. 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 firm has a market capitalization of C$24.58 million, a P/E ratio of -61.67 and a beta of 0.08.

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.