New Age Metals (CVE:NAM) Trading Down 17.8% – Should You Sell?

New Age Metals Inc. (CVE:NAM) shares fell 17.8% during trading on Saturday . The company traded as low as C$0.37 and last traded at C$0.37. 719,175 shares were traded during mid-day trading, an increase of 581% from the average session volume of 105,542 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.95 price target on New Age Metals and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$0.95.

New Age Metals Stock Performance

The company has a fifty day moving average of C$0.36 and a two-hundred day moving average of C$0.29. The firm has a market capitalization of C$24.58 million, a price-to-earnings ratio of -61.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48.

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.