New Age Metals (CVE:NAM) Shares Down 16.1% – What’s Next?

New Age Metals Inc. (CVE:NAM) fell 16.1% on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.24. 122,075 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 137,842 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.04 price objective on New Age Metals and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$1.04.

New Age Metals Trading Down 17.9%

The firm has a market cap of C$16.77 million, a P/E ratio of 46.00 and a beta of -0.79. The firm’s fifty day moving average is C$0.33 and its two-hundred day moving average is C$0.39. The company has a quick ratio of 17.88, a current ratio of 28.08 and a debt-to-equity ratio of 0.30.

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.