New Age Metals (CVE:NAM) Stock Price Down 16.1% – Time to Sell?

New Age Metals Inc. (CVE:NAM)’s share price dropped 16.1% on Tuesday . The company traded as low as C$0.23 and last traded at C$0.24. Approximately 122,075 shares changed hands during trading, a decline of 11% from the average daily volume of 137,842 shares. The stock had previously closed at C$0.28.

Analyst Ratings Changes

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 report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$1.04.

New Age Metals Stock Up 4.2%

The stock’s fifty day moving average price is C$0.33 and its 200 day moving average price is C$0.39. The stock has a market cap of C$18.22 million, a P/E ratio of 50.00 and a beta of -0.79. The company has a current ratio of 28.08, a quick ratio of 17.88 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.