New Age Metals (CVE:NAM) Trading Down 19.8% – Should You Sell?

New Age Metals Inc. (CVE:NAM) shares fell 19.8% during mid-day trading on Monday . The stock traded as low as C$0.42 and last traded at C$0.43. 379,193 shares traded hands during mid-day trading, an increase of 251% from the average session volume of 108,115 shares. The stock had previously closed at C$0.53.

Analyst Upgrades and Downgrades

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

New Age Metals Stock Down 17.9%

The firm has a market cap of C$28.89 million, a PE ratio of -72.50 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. The firm has a 50 day moving average price of C$0.37 and a 200-day moving average price of C$0.31.

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.