New Age Metals (CVE:NAM) PT Set at C$0.63 by Fundamental Research

New Age Metals (CVE:NAM) has been assigned a C$0.63 price objective by research analysts at Fundamental Research in a research note issued to investors on Tuesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Fundamental Research‘s target price suggests a potential upside of 281.82% from the stock’s current price.

New Age Metals Stock Up 3.1%

Shares of NAM traded up C$0.01 during trading hours on Tuesday, hitting C$0.17. 175,450 shares of the company were exchanged, compared to its average volume of 109,582. The company has a debt-to-equity ratio of 0.18, a quick ratio of 17.88 and a current ratio of 37.26. The company has a market cap of C$12.87 million, a PE ratio of -8.68 and a beta of -1.06. The firm’s 50 day moving average is C$0.21 and its 200-day moving average is C$0.31. New Age Metals has a 52 week low of C$0.14 and a 52 week high of C$0.61.

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.