New Age Metals (CVE:NAM) Trading 47.4% Higher – Here’s Why

New Age Metals Inc. (CVE:NAMGet Free Report)’s share price rose 47.4% on Wednesday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 138,889 shares traded hands during trading, an increase of 321% from the average daily volume of 33,029 shares. The stock had previously closed at C$0.10.

New Age Metals Stock Up 10.0 %

The company has a market cap of C$6.11 million, a P/E ratio of -11.00 and a beta of 1.32. The company has a quick ratio of 17.88, a current ratio of 11.85 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of C$0.08 and a 200 day moving average of C$0.05.

New Age Metals Company Profile

(Get Free Report)

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.

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