New Age Metals (CVE:NAM) Stock Price Up 21.6% – Still a Buy?

New Age Metals Inc. (CVE:NAM) shares traded up 21.6% on Monday . The company traded as high as C$0.45 and last traded at C$0.45. 276,579 shares changed hands during trading, an increase of 163% from the average session volume of 105,158 shares. The stock had previously closed at C$0.37.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.95 price target on shares of New Age Metals and gave the company 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, the company currently has a consensus rating of “Buy” and an average target price of C$0.95.

New Age Metals Stock Performance

The stock has a market capitalization of C$28.56 million, a price-to-earnings ratio of -71.67 and a beta of 0.08. The company’s fifty day simple moving average is C$0.36 and its 200 day simple moving average is C$0.29. The company has a quick ratio of 17.88, a current ratio of 52.48 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.