Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) rose 33.3% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 302,532 shares changed hands during mid-day trading, an increase of 445% from the average daily volume of 55,515 shares. The stock had previously closed at C$0.08.
New Age Metals Price Performance
The company’s fifty day moving average is C$0.08 and its two-hundred day moving average is C$0.09. 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 cap of C$5.23 million, a price-to-earnings ratio of -6.11 and a beta of 1.32.
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.
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