New Age Metals (CVE:NAM) Stock Price Up 20.8% – What’s Next?

New Age Metals Inc. (CVE:NAM) shot up 20.8% during mid-day trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.32. 579,851 shares changed hands during mid-day trading, an increase of 520% from the average session volume of 93,506 shares. The stock had previously closed at C$0.27.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.95 price target on New Age Metals and gave the stock a “buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, New Age Metals currently has an average rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Stock Up 20.8%

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 cap of C$21.25 million, a PE ratio of -53.33 and a beta of 0.05. The business’s 50 day moving average is C$0.34 and its 200-day moving average is C$0.27.

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.