New Age Metals (CVE:NAM) Trading 30.8% Higher – Time to Buy?

New Age Metals Inc. (CVE:NAMGet Free Report)’s stock price rose 30.8% during trading on Monday . The stock traded as high as C$0.34 and last traded at C$0.34. Approximately 884,029 shares traded hands during mid-day trading, an increase of 1,131% from the average daily volume of 71,819 shares. The stock had previously closed at C$0.26.

New Age Metals Stock Performance

The stock has a 50-day moving average of C$0.13 and a 200 day moving average of C$0.10. The stock has a market cap of C$17.78 million, a PE ratio of -20.79 and a beta of 1.32. The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.

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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