New Age Metals (CVE:NAM) Stock Price Down 16.7% – Here’s What Happened

New Age Metals Inc. (CVE:NAMGet Free Report)’s share price fell 16.7% on Friday . The company traded as low as C$0.23 and last traded at C$0.23. 102,800 shares were traded during 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 Trading Down 2.2%

The firm has a fifty day moving average of C$0.16 and a 200-day moving average of C$0.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 17.88 and a current ratio of 52.48. The stock has a market capitalization of C$11.50 million, a price-to-earnings ratio of -13.45 and a beta of 1.32.

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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