New Age Metals (CVE:NAM) Price Target Cut to C$0.38

New Age Metals (CVE:NAM) had its price target reduced by Fundamental Research from C$0.39 to C$0.38 in a research report released on Monday morning, BayStreet.CA reports. Fundamental Research currently has a buy rating on the stock.

NAM opened at C$0.13 on Monday. The firm has a market capitalization of C$26.26 million and a P/E ratio of -20.83. The firm’s 50 day moving average is C$0.11 and its 200-day moving average is C$0.12. New Age Metals has a 52-week low of C$0.07 and a 52-week high of C$0.24. The company has a quick ratio of 15.57, a current ratio of 15.75 and a debt-to-equity ratio of 0.03.

About New Age Metals

New Age Metals Inc, a mineral exploration company, acquires, explores for, and develops platinum group metals (PGMs), and precious and base metal properties in Canada. It holds interests in the River Valley PGE project located in the Dana and Pardo townships of Northern Ontario; the Genesis PGE/polymetallic project located in south central Alaska; and eight lithium projects situated to the northeast of Winnipeg, Manitoba.

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