New Age Metals (CVE:NAM) Trading Up 32.4% – Time to Buy?

New Age Metals Inc. (CVE:NAM) shares traded up 32.4% during mid-day trading on Thursday . The stock traded as high as C$0.48 and last traded at C$0.45. 2,138,384 shares traded hands during mid-day trading, an increase of 1,978% from the average session volume of 102,886 shares. The stock had previously closed at C$0.34.

Analyst Ratings Changes

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 research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$0.95.

New Age Metals Stock Up 32.4%

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 stock has a 50 day moving average price of C$0.36 and a 200-day moving average price of C$0.29. The stock has a market capitalization of C$29.89 million, a P/E ratio of -75.00 and a beta of 0.08.

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.