Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) were down 21.1% during trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.36. Approximately 275,541 shares traded hands during mid-day 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 Price Performance
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 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.23. The company has a market capitalization of C$23.58 million, a P/E ratio of -59.17 and a beta of -0.05.
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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