New Age Metals (CVE:NAM) Stock Price Down 18.9% – Here’s Why

New Age Metals Inc. (CVE:NAM)’s share price traded down 18.9% on Friday . The stock traded as low as C$0.37 and last traded at C$0.37. 712,175 shares were traded during trading, an increase of 576% from the average session volume of 105,300 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.95 target price on New Age Metals and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, New Age Metals presently has a consensus rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Stock Down 17.8%

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

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.