Short Interest in New Age Metals Inc. (OTCMKTS:NMTLF) Drops By 28.6%

New Age Metals Inc. (OTCMKTS:NMTLF) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 44,500 shares, a drop of 28.6% from the October 15th total of 62,300 shares. Based on an average daily volume of 24,800 shares, the short-interest ratio is currently 1.8 days.

New Age Metals Price Performance

Shares of NMTLF stock opened at $0.03 on Friday. New Age Metals has a 12-month low of $0.02 and a 12-month high of $0.07. The firm has a 50-day moving average price of $0.03 and a 200 day moving average price of $0.04.

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.