New Age Metals (CVE:NAM) Stock Price Down 17.8% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAM) traded down 17.8% during trading on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. 719,175 shares changed hands during trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 target price on shares of New Age Metals and gave the company a “buy” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Stock Performance

The firm’s 50 day simple moving average is C$0.36 and its 200 day simple moving average is C$0.29. The firm has a market cap of C$24.58 million, a PE ratio of -61.67 and a beta of 0.08. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.