New Age Metals (CVE:NAM) Trading Up 10% – Still a Buy?

New Age Metals Inc. (CVE:NAM)’s stock price rose 10% on Friday . The stock traded as high as C$0.29 and last traded at C$0.28. Approximately 163,673 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 90,432 shares. The stock had previously closed at C$0.25.

Analyst Ratings Changes

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

New Age Metals Price Performance

The business’s fifty day moving average price is C$0.33 and its 200-day moving average price is C$0.25. The company has a market capitalization of C$19.93 million, a P/E ratio of -50.00 and a beta of 0.05. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74.

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.