New Age Metals (CVE:NAM) Shares Down 17.9% – What’s Next?

New Age Metals Inc. (CVE:NAM) dropped 17.9% during mid-day trading on Monday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 390,643 shares changed hands during mid-day trading, an increase of 261% from the average daily volume of 108,209 shares. The stock had previously closed at C$0.53.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.95 target price on shares of New Age Metals and gave the stock a “buy” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$0.95.

New Age Metals Trading Down 19.8%

The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The firm has a fifty day moving average price of C$0.37 and a 200 day moving average price of C$0.31. The company has a market cap of C$28.23 million, a price-to-earnings ratio of -70.83 and a beta of 0.08.

New Age Metals Company Profile

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.