New Age Metals (CVE:NAM) Trading 33.3% Higher – Here’s Why

New Age Metals Inc. (CVE:NAMGet Free Report)’s stock price traded up 33.3% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 302,532 shares changed hands during mid-day trading, an increase of 427% from the average session volume of 57,360 shares. The stock had previously closed at C$0.08.

New Age Metals Trading Up 33.3 %

The stock’s 50 day moving average is C$0.08 and its two-hundred day moving average is C$0.09. The company has a market capitalization of C$5.23 million, a PE ratio of -6.11 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

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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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