New Age Metals (CVE:NAM) Trading Up 8% – Should You Buy?

New Age Metals Inc. (CVE:NAM)’s share price shot up 8% during trading on Friday . The company traded as high as C$0.27 and last traded at C$0.27. 131,480 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 90,030 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.95 target price on 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, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Price Performance

The firm has a market capitalization of C$18.27 million, a PE ratio of -45.83 and a beta of 0.05. The business has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.25. The company has a current ratio of 52.48, a quick ratio of 17.88 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.