New Age Metals (CVE:NAM) Shares Up 20% – Should You Buy?

New Age Metals Inc. (CVE:NAMGet Free Report) traded up 20% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. 244,168 shares traded hands during mid-day trading, an increase of 321% from the average session volume of 58,007 shares. The stock had previously closed at C$0.10.

New Age Metals Stock Performance

The business’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The company has a market capitalization of C$5.49 million, a P/E ratio of -6.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48.

New Age Metals Company Profile

(Get Free Report)

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.

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