New Age Metals (CVE:NAM) Trading Down 1.5% – Time to Sell?

New Age Metals Inc. (CVE:NAM) shares fell 1.5% on Friday . The company traded as low as C$0.33 and last traded at C$0.33. 20,025 shares traded hands during trading, a decline of 86% from the average session volume of 143,486 shares. The stock had previously closed at C$0.33.

Wall Street Analysts Forecast Growth

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

New Age Metals Stock Down 1.5%

The stock has a market capitalization of C$23.69 million, a price-to-earnings ratio of 65.00 and a beta of -0.43. The business’s 50-day moving average is C$0.33 and its two-hundred day moving average is C$0.39. The company has a quick ratio of 17.88, a current ratio of 28.08 and a debt-to-equity ratio of 0.30.

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.