New Age Metals (CVE:NAM) Sets New 1-Year Low – Here’s What Happened

Shares of New Age Metals Inc. (CVE:NAM) hit a new 52-week low on Friday. The stock traded as low as C$0.14 and last traded at C$0.14, with a volume of 60,424 shares changing hands. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.63 price target on New Age Metals and gave the stock a “buy” rating in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$0.63.

New Age Metals Price Performance

The company has a quick ratio of 17.88, a current ratio of 37.26 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.30. The stock has a market cap of C$10.92 million, a P/E ratio of -7.37 and a beta of -1.02.

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.