New Age Metals (CVE:NAM) Shares Down 17.8% – What’s Next?

New Age Metals Inc. (CVE:NAM) was down 17.8% on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 719,175 shares traded hands during trading, an increase of 581% from the average daily volume of 105,542 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.95 target price on New Age Metals and gave the company a “buy” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, According to 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 Stock Performance

The firm’s fifty day moving average price is C$0.36 and its 200-day moving average price is C$0.29. The company has a market cap of C$24.58 million, a P/E ratio of -61.67 and a beta of 0.08. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.