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

Shares of New Age Metals Inc. (CVE:NAM) were up 20% during trading on Saturday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 195,568 shares traded hands during trading, an increase of 116% from the average daily 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 target on shares of New Age Metals and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently 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 fifty day moving average price of C$0.33 and a two-hundred day moving average price of C$0.25. 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 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.