New Age Metals (CVE:NAM) Trading Down 1.5% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAM) traded down 1.5% on Friday . The company traded as low as C$0.33 and last traded at C$0.33. 20,025 shares were traded during mid-day 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 target price on New Age Metals and gave the company a “buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$1.04.

New Age Metals Stock Performance

The stock has a market cap of C$23.69 million, a price-to-earnings ratio of 65.00 and a beta of -0.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 17.88 and a current ratio of 28.08. The stock has a fifty day simple moving average of C$0.33 and a two-hundred day simple moving average of C$0.39.

About New Age Metals

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.