New Age Metals (CVE:NAM) Trading Up 30.9% – Here’s What Happened

New Age Metals Inc. (CVE:NAM) shares traded up 30.9% during mid-day trading on Thursday . The stock traded as high as C$0.47 and last traded at C$0.45. 1,768,908 shares changed hands during mid-day trading, an increase of 1,647% from the average session volume of 101,282 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

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

New Age Metals Trading Down 17.8%

The company has a market capitalization of C$24.58 million, a PE ratio of -61.67 and a beta of 0.08. 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 business has a fifty day moving average price of C$0.36 and a 200 day moving average price of C$0.29.

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.