Shares of New Age Metals Inc (CVE:NAM) were down 14.3% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 311,718 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 229,664 shares. The stock had previously closed at C$0.07.
The firm has a market cap of $6.22 million and a PE ratio of -3.00.
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New Age Metals Inc, a mineral exploration company, acquires, explores for, and develops platinum group metals (PGMs), and precious and base metal properties in Canada. Its flagship project is the 100% owned River Valley PGM project that include 30 claim units and 2 mining leases covering an area of approximately 6,688 hectares located in the Dana and Pardo townships of Northern Ontario.
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