Fundamental Research Analysts Give New Age Metals (CVE:NAM) a C$1.04 Price Target

Fundamental Research set a C$1.04 price objective on New Age Metals (CVE:NAM) in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

New Age Metals Stock Up 9.3%

Shares of New Age Metals stock opened at C$0.47 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 31.43 and a quick ratio of 17.88. New Age Metals has a 1-year low of C$0.08 and a 1-year high of C$0.61. The business’s fifty day moving average price is C$0.46 and its two-hundred day moving average price is C$0.37. The company has a market capitalization of C$34.26 million, a P/E ratio of -67.50 and a beta of -0.25.

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.