New Age Metals (CVE:NAM) Shares Up 20% – What’s Next?

Shares of New Age Metals Inc. (CVE:NAM) shot up 20% during mid-day trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. 195,568 shares changed 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 report on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$0.95.

New Age Metals Trading Up 20.0%

The company has a market cap of C$19.93 million, a price-to-earnings ratio of -50.00 and a beta of 0.05. The company’s fifty day moving average price is C$0.33 and its two-hundred day moving average price is C$0.25. The company has a quick ratio of 17.88, a current ratio of 52.48 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.