New Age Metals (CVE:NAM) Stock Price Up 32.4% – What’s Next?

New Age Metals Inc. (CVE:NAM)’s share price shot up 32.4% on Thursday . The company traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares changed hands during trading, an increase of 1,978% from the average session volume of 102,886 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price target on shares of New Age Metals and gave the stock a “buy” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$0.95.

New Age Metals Price Performance

The business has a fifty day moving average of C$0.36 and a 200-day moving average of C$0.29. The firm has a market cap of C$29.89 million, a PE ratio of -75.00 and a beta of 0.08. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.