New Age Metals (CVE:NAM) Shares Down 5.7% – Here’s Why

Shares of New Age Metals Inc. (CVE:NAM) traded down 5.7% during trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.42. 21,551 shares were traded during trading, a decline of 80% from the average session volume of 108,287 shares. The stock had previously closed at C$0.44.

Analyst Upgrades and Downgrades

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

New Age Metals Trading Down 8.0%

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 capitalization of C$29.52 million, a P/E ratio of -67.50 and a beta of 0.08. The firm has a 50 day simple moving average of C$0.37 and a two-hundred day simple moving average of C$0.31.

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.