New Age Metals (CVE:NAM) Trading Up 20% – Here’s Why

New Age Metals Inc. (CVE:NAM)’s share price shot up 20% during trading on Friday . The stock traded as high as C$0.30 and last traded at C$0.30. 195,568 shares were traded during trading, an increase of 116% from the average session volume of 90,617 shares. The stock had previously closed at C$0.25.

Analyst Upgrades and Downgrades

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

New Age Metals Stock Up 20.0%

The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The firm has a market cap of C$19.93 million, a price-to-earnings ratio of -50.00 and a beta of 0.05. The firm has a 50-day moving average of C$0.33 and a two-hundred day moving average of C$0.25.

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.