New Age Metals (CVE:NAM) Stock Price Up 20.8% – Here’s Why

New Age Metals Inc. (CVE:NAM)’s stock price traded up 20.8% during trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.32. 579,851 shares were traded during 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 objective on shares of New Age Metals and gave the stock a “buy” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$0.95.

New Age Metals Price Performance

The company has a fifty day simple moving average of C$0.34 and a two-hundred day simple moving average of C$0.27. The stock has a market capitalization of C$21.25 million, a price-to-earnings ratio of -53.33 and a beta of 0.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48.

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.