New Age Metals (CVE:NAM) Stock Price Down 17.8% – Here’s What Happened

Shares of New Age Metals Inc. (CVE:NAM) traded down 17.8% during mid-day trading on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. 719,175 shares traded hands during trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

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

New Age Metals Price Performance

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 stock’s 50-day moving average is C$0.36 and its two-hundred day moving average is C$0.29. The stock has a market cap 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.