New Age Metals (CVE:NAM) Trading Down 17.8% – Here’s What Happened

New Age Metals Inc. (CVE:NAM)’s stock price fell 17.8% on Saturday . The stock traded as low as C$0.37 and last traded at C$0.37. 719,175 shares traded hands during trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.95 price objective on 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 data from MarketBeat.com, New Age Metals currently has a consensus rating of “Buy” and a consensus target price of C$0.95.

New Age Metals Stock Down 17.8%

The company has a market capitalization of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08. The business has a fifty day simple moving average of C$0.36 and a two-hundred day simple moving average of C$0.29. The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.

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.