New Age Metals Inc. (CVE:NAM – Get Free Report) shares dropped 21.1% on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.36. Approximately 275,541 shares changed hands during trading, an increase of 245% from the average daily volume of 79,964 shares. The stock had previously closed at C$0.45.
New Age Metals Trading Down 21.1%
The firm’s fifty day simple moving average is C$0.29 and its 200 day simple moving average is C$0.23. The stock has a market capitalization of C$23.58 million, a P/E ratio of -59.17 and a beta of -0.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48.
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.
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