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

New Age Metals Inc. (CVE:NAM)’s share price shot up 20% on Saturday . The stock traded as high as C$0.30 and last traded at C$0.30. 195,568 shares were traded during 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 New Age Metals and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$0.95.

New Age Metals Stock 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 company has a market capitalization of C$19.93 million, a PE ratio of -50.00 and a beta of 0.05. The business’s 50 day simple moving average is C$0.33 and its 200 day simple moving average is C$0.25.

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.