New Age Metals (CVE:NAM) Hits New 52-Week Low – What’s Next?

New Age Metals Inc. (CVE:NAMGet Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.08, with a volume of 87001 shares. The stock had previously closed at C$0.08.

New Age Metals Price Performance

The firm has a market cap of C$4.17 million, a P/E ratio of -7.50 and a beta of 1.32. The stock’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.08. The company has a quick ratio of 17.88, a current ratio of 11.85 and a debt-to-equity ratio of 0.84.

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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