New Age Metals Inc. (CVE:NAM – Get Free Report)’s share price fell 16.7% during mid-day trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23. 102,800 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 70,812 shares. The stock had previously closed at C$0.27.
New Age Metals Price Performance
The business’s 50-day moving average price is C$0.16 and its 200 day moving average price is C$0.12. The company has a market capitalization of C$11.50 million, a P/E ratio of -13.45 and a beta of 1.32. The company has a quick ratio of 17.88, a current ratio of 52.48 and a debt-to-equity ratio of 0.74.
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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