New Age Metals (CVE:NAM) Trading 16% Higher – Time to Buy?

New Age Metals Inc. (CVE:NAM) shot up 16% on Friday . The stock traded as high as C$0.29 and last traded at C$0.29. 188,068 shares changed hands during mid-day trading, an increase of 108% from the average session volume of 90,581 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

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

New Age Metals Stock Up 20.0%

The business’s 50-day moving average is C$0.33 and its two-hundred day moving average is C$0.25. The firm has a market capitalization of C$19.93 million, a price-to-earnings ratio of -50.00 and a beta of 0.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48.

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.