Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) rose 33.3% during trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 302,532 shares traded hands during mid-day trading, an increase of 427% from the average daily volume of 57,360 shares. The stock had previously closed at C$0.08.
New Age Metals Stock Performance
The company has a market cap of C$5.75 million, a price-to-earnings ratio of -6.72 and a beta of 1.32. The company has a current ratio of 52.48, a quick ratio of 17.88 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09.
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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