New Age Metals (CVE:NAM) Stock Price Up 20% – What’s Next?

New Age Metals Inc. (CVE:NAM)’s stock price traded up 20% during mid-day trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. 244,168 shares changed hands during trading, an increase of 328% from the average session volume of 57,038 shares. The stock had previously closed at C$0.10.

New Age Metals Price Performance

The business has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The firm has a market capitalization of C$5.23 million, a P/E ratio of -6.11 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48.

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.