New Age Metals (CVE:NAM) Stock Price Up 20% – Still a Buy?

New Age Metals Inc. (CVE:NAM)’s stock price traded up 20% during mid-day trading on Saturday . The company traded as high as C$0.30 and last traded at C$0.30. 195,568 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 90,617 shares. The stock had previously closed at C$0.25.

Analyst Upgrades and Downgrades

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

New Age Metals Stock Up 20.0%

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

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.