New Age Metals (CVE:NAM) Trading Up 1.6% – Should You Buy?

New Age Metals Inc. (CVE:NAM) shares were up 1.6% during trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.32. Approximately 53,389 shares changed hands during trading, a decline of 67% from the average daily volume of 160,313 shares. The stock had previously closed at C$0.31.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.04 price target on New Age Metals and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$1.04.

New Age Metals Stock Performance

The company has a quick ratio of 17.88, a current ratio of 28.08 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of C$0.36 and a 200-day moving average of C$0.39. The stock has a market cap of C$22.96 million, a PE ratio of 63.00 and a beta of -0.43.

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.