New Age Metals (CVE:NAM) Stock Price Up 20% – Should You Buy?

New Age Metals Inc. (CVE:NAM) traded up 20% on Saturday . The stock 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.

Analysts Set New Price Targets

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

New Age Metals Stock Performance

The business’s fifty day simple moving average is C$0.33 and its 200-day simple 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. The firm has a market cap of C$19.93 million, a P/E ratio of -50.00 and a beta of 0.05.

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.