New Age Metals (CVE:NAM) Sets New 52-Week High – Still a Buy?

New Age Metals Inc. (CVE:NAMGet Free Report) reached a new 52-week high on Monday . The stock traded as high as C$0.14 and last traded at C$0.13, with a volume of 355500 shares trading hands. The stock had previously closed at C$0.12.

New Age Metals Stock Up 21.7 %

The company has a market cap of C$7.32 million, a price-to-earnings ratio of -8.56 and a beta of 1.32. The business has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.09. 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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