New Age Metals (CVE:NAM) Trading Down 17.1% – Time to Sell?

New Age Metals Inc. (CVE:NAM) traded down 17.1% during trading on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.29. 1,133,826 shares changed hands during mid-day trading, an increase of 1,242% from the average session volume of 84,508 shares. The stock had previously closed at C$0.35.

Wall Street Analyst Weigh In

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

New Age Metals Stock Performance

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 firm has a fifty day simple moving average of C$0.33 and a 200 day simple moving average of C$0.25. The company has a market cap of C$19.26 million, a price-to-earnings ratio of -48.33 and a beta of 0.05.

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.