New Age Metals (CVE:NAM) Stock Price Up 20.8% – Time to Buy?

New Age Metals Inc. (CVE:NAM)’s share price rose 20.8% on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 579,851 shares changed hands during trading, an increase of 520% from the average daily volume of 93,506 shares. The stock had previously closed at C$0.27.

Wall Street Analysts Forecast Growth

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

New Age Metals Stock Up 20.8%

The stock has a market capitalization of C$21.25 million, a price-to-earnings ratio of -53.33 and a beta of 0.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The business has a fifty day moving average of C$0.34 and a 200 day moving average of C$0.27.

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.