Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) dropped 16.7% on Friday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 102,800 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 70,812 shares. The stock had previously closed at C$0.27.
New Age Metals Stock Down 2.2%
The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88. The stock has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.12. The company has a market cap of C$11.50 million, a P/E ratio of -13.45 and a beta of 1.32.
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.
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