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

New Age Metals Inc. (CVE:NAM)’s share price shot up 20% on Friday . 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 target price on New Age Metals and gave the company a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$0.95.

New Age Metals Stock Up 20.0%

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

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.