Shares of New Age Metals Inc. (CVE:NAM – Get Free Report) shot up 20% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. 244,168 shares were traded during trading, an increase of 328% from the average session volume of 57,038 shares. The stock had previously closed at C$0.10.
New Age Metals Price Performance
The company has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.09. The stock has a market cap of C$6.01 million, a PE ratio of -7.03 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 52.48 and a quick ratio of 17.88.
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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