New Age Metals (CVE:NAM) Reaches New 52-Week Low – Time to Sell?

Shares of New Age Metals Inc. (CVE:NAM) reached a new 52-week low during trading on Thursday. The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 28,969 shares trading hands. The stock had previously closed at C$0.14.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.63 target price on shares of New Age Metals and gave the stock a “buy” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, New Age Metals presently has an average rating of “Buy” and an average target price of C$0.63.

New Age Metals Stock Down 3.7%

The company has a debt-to-equity ratio of 0.18, a current ratio of 37.26 and a quick ratio of 17.88. The company has a market cap of C$10.14 million, a price-to-earnings ratio of -6.84 and a beta of -1.02. The firm’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.29.

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.