New Age Metals (CVE:NAM) Shares Up 20% – Here’s Why

New Age Metals Inc. (CVE:NAM) shares traded up 20% during trading on Saturday . The company traded as high as C$0.30 and last traded at C$0.30. 195,568 shares changed hands during trading, an increase of 116% from the average session volume of 90,617 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$0.95.

New Age Metals Stock Performance

The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of C$19.93 million, a PE ratio of -50.00 and a beta of 0.05. The stock’s 50 day moving average price is C$0.33 and its two-hundred day moving average price is C$0.25.

New Age Metals Company Profile

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.