New Age Metals (CVE:NAM) Trading 20% Higher – Here’s What Happened

New Age Metals Inc. (CVE:NAM) traded up 20% during trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. 195,568 shares traded 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.

Wall Street Analyst Weigh In

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. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, New Age Metals has a consensus rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Stock Up 20.0%

The stock has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.25. The company has a market capitalization of C$19.93 million, a PE ratio of -50.00 and a beta of 0.05. The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.

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.