New Age Metals (CVE:NAM) Shares Down 17.9% – What’s Next?

New Age Metals Inc. (CVE:NAM)’s share price was down 17.9% on Monday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 390,643 shares changed hands during trading, an increase of 261% from the average daily volume of 108,209 shares. The stock had previously closed at C$0.53.

Analyst Ratings Changes

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

New Age Metals Stock Down 19.8%

The company has a market cap of C$28.23 million, a price-to-earnings ratio of -70.83 and a beta of 0.08. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The firm has a 50-day moving average price of C$0.37 and a 200 day moving average price of C$0.31.

New Age Metals Company Profile

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.