Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) were down 21.1% on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.36. Approximately 275,541 shares changed hands during trading, an increase of 245% from the average daily volume of 79,964 shares. The stock had previously closed at C$0.45.
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 stock has a market cap of C$23.58 million, a P/E ratio of -59.17 and a beta of -0.05. The stock has a 50-day simple moving average of C$0.29 and a 200-day simple moving average of C$0.23.
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.
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