New Age Metals (CVE:NAM) Given a C$1.04 Price Target at Fundamental Research

Fundamental Research set a C$1.04 price objective on New Age Metals (CVE:NAM) in a report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

New Age Metals Stock Down 7.8%

Shares of New Age Metals stock opened at C$0.42 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 17.88 and a current ratio of 31.43. New Age Metals has a 52-week low of C$0.08 and a 52-week high of C$0.61. The company’s 50 day moving average price is C$0.46 and its 200-day moving average price is C$0.37. The stock has a market capitalization of C$30.25 million, a price-to-earnings ratio of -67.50 and a beta of -0.25.

About New Age Metals

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.