Short Interest in New Age Metals Inc. (OTCMKTS:NMTLF) Declines By 21.9%

New Age Metals Inc. (OTCMKTS:NMTLF) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,500 shares, a drop of 21.9% from the January 15th total of 9,600 shares. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is currently 0.3 days.

New Age Metals Stock Performance

Shares of OTCMKTS NMTLF traded up $0.00 during trading on Friday, reaching $0.06. 622 shares of the company traded hands, compared to its average volume of 11,297. The firm’s fifty day simple moving average is $0.06 and its 200 day simple moving average is $0.06. New Age Metals has a 12-month low of $0.01 and a 12-month high of $0.14.

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.