New Age Metals (CVE:NAM) Trading 20% Higher – Still a Buy?

New Age Metals Inc. (CVE:NAM) traded up 20% during trading on Saturday . The stock traded as high as C$0.30 and last traded at C$0.30. 195,568 shares were traded 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 target on shares of New Age Metals and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Trading Up 20.0%

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

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.