New Age Metals (CVE:NAM) Trading 30.8% Higher – Should You Buy?

New Age Metals Inc. (CVE:NAMGet Free Report)’s stock price rose 30.8% during mid-day trading on Tuesday . The stock traded as high as C$0.34 and last traded at C$0.34. Approximately 884,029 shares traded hands during trading, an increase of 1,131% from the average daily volume of 71,819 shares. The stock had previously closed at C$0.26.

New Age Metals Trading Down 3.3%

The company has a market cap of C$15.16 million, a PE ratio of -17.73 and a beta of 1.32. The business’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.11. 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

(Get Free Report)

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.

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