New Age Metals (CVE:NAM) Trading 36.8% Higher – Here’s What Happened

Shares of New Age Metals Inc. (CVE:NAMGet Free Report) were up 36.8% during mid-day trading on Saturday . The company traded as high as C$0.26 and last traded at C$0.26. Approximately 356,427 shares traded hands during trading, an increase of 457% from the average daily volume of 63,934 shares. The stock had previously closed at C$0.19.

New Age Metals Price Performance

The company has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.10. The company has a market capitalization of C$13.60 million, a price-to-earnings ratio of -15.89 and a beta of 1.32. 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

(Get Free Report)

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.

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