New Age Metals (CVE:NAM) Stock Price Up 32.4% – Time to Buy?

New Age Metals Inc. (CVE:NAM) rose 32.4% during mid-day trading on Thursday . The company traded as high as C$0.48 and last traded at C$0.45. Approximately 2,138,384 shares changed hands during trading, an increase of 1,978% from the average daily volume of 102,886 shares. The stock had previously closed at C$0.34.

Analyst Ratings Changes

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

New Age Metals Stock Down 17.8%

The business’s 50 day moving average price is C$0.36 and its 200-day moving average price is C$0.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The firm has a market capitalization of C$24.58 million, a PE ratio of -61.67 and a beta of 0.08.

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.