New Age Metals (CVE:NAM) Stock Price Up 16.2% – Here’s What Happened

New Age Metals Inc. (CVE:NAM)’s share price rose 16.2% on Monday . The stock traded as high as C$0.45 and last traded at C$0.43. Approximately 294,829 shares traded hands during trading, an increase of 178% from the average daily volume of 106,236 shares. The stock had previously closed at C$0.37.

Analysts Set New Price Targets

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

New Age Metals Stock Up 16.2%

The stock’s 50-day moving average price is C$0.36 and its two-hundred day moving average price 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 stock has a market capitalization of C$28.56 million, a P/E ratio of -71.67 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.