New Age Metals (CVE:NAM) Trading 12% Higher – Here’s Why

New Age Metals Inc. (CVE:NAM) traded up 12% during mid-day trading on Friday . The stock traded as high as C$0.28 and last traded at C$0.28. 136,980 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 90,310 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

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 report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$0.95.

New Age Metals Trading Up 20.0%

The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The stock has a market cap of C$19.93 million, a P/E ratio of -50.00 and a beta of 0.05. The stock has a 50-day moving average price of C$0.33 and a 200-day moving average price of C$0.25.

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.