New Age Metals (CVE:NAM) Stock Price Up 20% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAM) 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 traded hands 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 target price on shares of New Age Metals and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat, New Age Metals presently has an average rating of “Buy” and a consensus price target of C$0.95.

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 firm’s fifty day moving average price is C$0.33 and its 200-day moving average price is C$0.25. The stock has a market cap of C$19.93 million, a P/E ratio of -50.00 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.