New Age Metals (CVE:NAM) Stock Price Up 20% – Here’s What Happened

New Age Metals Inc. (CVE:NAM) shares traded up 20% during mid-day trading on Saturday . The company traded as high as C$0.30 and last traded at C$0.30. 195,568 shares were traded during mid-day trading, an increase of 116% from the average session volume of 90,617 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.95 price target on New Age Metals and gave the company a “buy” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, New Age Metals presently has a consensus rating of “Buy” and an average target price of C$0.95.

New Age Metals Stock Up 20.0%

The firm has a market capitalization of C$19.93 million, a price-to-earnings ratio of -50.00 and a beta of 0.05. The firm has a fifty day moving average price of C$0.33 and a 200 day moving average price of C$0.26. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.