New Age Metals (CVE:NAM) Trading 20% Higher – Time to Buy?

Shares of New Age Metals Inc. (CVE:NAM) rose 20% on Saturday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 195,568 shares traded hands during mid-day trading, an increase of 116% from the average daily 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 note on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, New Age Metals currently has an average rating of “Buy” and an average price target of C$0.95.

New Age Metals Stock Performance

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 market cap of C$19.93 million, a P/E ratio of -50.00 and a beta of 0.05. The company’s 50 day moving average is C$0.33 and its 200 day moving average is C$0.26.

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.