New Age Metals (CVE:NAM) Shares Up 19.2% – Still a Buy?

New Age Metals Inc. (CVE:NAMGet Free Report) rose 19.2% during trading on Monday . The company traded as high as C$0.32 and last traded at C$0.31. Approximately 585,673 shares traded hands during mid-day trading, an increase of 754% from the average daily volume of 68,583 shares. The stock had previously closed at C$0.26.

New Age Metals Trading Up 25.0%

The stock has a market capitalization of C$16.99 million, a PE ratio of -19.87 and a beta of 1.32. The company’s 50 day moving average price is C$0.13 and its two-hundred day moving average price is C$0.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88.

New Age Metals Company Profile

(Get Free Report)

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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