New Age Metals (CVE:NAM) Given a C$0.63 Price Target at Fundamental Research

New Age Metals (CVE:NAM) has been given a C$0.63 price objective by stock analysts at Fundamental Research in a report issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research‘s price objective would indicate a potential upside of 281.82% from the company’s current price.

New Age Metals Stock Performance

New Age Metals stock traded up C$0.01 on Tuesday, reaching C$0.17. 175,450 shares of the stock were exchanged, compared to its average volume of 109,582. The company has a current ratio of 37.26, a quick ratio of 17.88 and a debt-to-equity ratio of 0.18. New Age Metals has a twelve month low of C$0.14 and a twelve month high of C$0.61. The firm has a fifty day moving average price of C$0.21 and a two-hundred day moving average price of C$0.31. The stock has a market cap of C$12.87 million, a PE ratio of -8.68 and a beta of -1.06.

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.