New Age Metals Inc. (CVE:NAM – Get Free Report) shares dropped 21.1% on Wednesday . The company traded as low as C$0.35 and last traded at C$0.36. Approximately 275,541 shares were traded 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 Stock Performance
The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The company has a market capitalization of C$23.58 million, a P/E ratio of -59.17 and a beta of -0.05. The business’s fifty day simple moving average is C$0.29 and its 200-day simple moving average is C$0.23.
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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