New Age Metals (CVE:NAM) Trading Up 20% – Still a Buy?

New Age Metals Inc. (CVE:NAM)’s stock price was up 20% during trading on Friday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 195,568 shares traded hands during mid-day trading, an increase of 116% from the average daily volume of 90,617 shares. The stock had previously closed at C$0.25.

Wall Street Analyst Weigh In

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

New Age Metals Stock Up 20.0%

The company has a market capitalization of C$19.93 million, a PE ratio of -50.00 and a beta of 0.05. The stock’s fifty day moving average is C$0.33 and its two-hundred day moving average is C$0.25. 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.