New Age Metals (NAM) AI Stock Analysis

• Market Cap: C$6.11M
• Dividend Yield: N/A
• Average Volume (3M): 82.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: -10.16%
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 55,559,258
• 10 Day Avg. Volume: 99,940
• 30 Day Avg. Volume: 82,276
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -3.70
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

The overall score reflects significant financial challenges with no revenue and consistent losses. Technical indicators suggest a bearish trend, while the valuation highlights concerns due to a negative P/E ratio. However, the company's strategic expansion into new territories offers potential growth opportunities, providing some positive outlook.

New Age Metals Business Overview & Revenue Model

Company Description

New Age Metals (NAM) is a mineral exploration and development company focused on the discovery, acquisition, and development of green metal and mineral properties. The company primarily operates in the platinum group metals (PGM), lithium, and rare metal sectors. Its core activities involve exploring and advancing its flagship projects, which are strategically located in Canada, a region known for its rich mineral resources.

How the Company Makes Money

New Age Metals generates revenue primarily through the exploration and potential development and sale of its mineral properties. The company invests in the acquisition and exploration of promising mineral assets, aiming to increase their value through successful exploration results and resource delineation. NAM's key revenue streams include the sale of mineral rights, potential joint ventures, and partnerships with larger mining companies that have the capital and infrastructure to bring these projects into production. Additionally, NAM may generate income through strategic financing arrangements, such as equity offerings, to fund its exploration activities. The company's earnings depend significantly on the successful discovery and development of economically viable mineral deposits.

New Age Metals Financial Statement Overview

Summary

New Age Metals faces significant challenges with zero revenue generation, leading to negative profitability and cash flow. While the balance sheet remains strong with minimal debt, continued operational losses pose a threat to its financial health in the long term. The company must address revenue generation to ensure future viability.

Income Statement

New Age Metals has consistently reported zero revenue, leading to negative gross and net income figures. The lack of revenue generation is a critical concern for the company's income stability and growth potential.

Balance Sheet

The company shows a strong equity position with a high equity ratio, indicating stability. However, the absence of revenue and persistent losses may eventually impact its equity strength. Debt levels are low, minimizing financial risk.

Cash Flow

Negative operating cash flow and free cash flow indicate that the company's operations are not generating cash, which is a significant risk factor. The company's free cash flow has not shown improvement, affecting long-term sustainability.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-48.75K	-52.01K	-57.88K	-38.61K	-46.56K	-32.74K
	EBIT
-896.78K	-906.16K	-723.24K	-1.08M	-828.66K	-590.43K
	EBITDA
-759.74K	-940.45K	-576.92K	-1.14M	-666.21K	-590.20K
	Net Income Common Stockholders
-850.72K	-657.66K	-650.41K	-1.18M	-719.40K	-631.48K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.07M	2.54M	4.49M	7.30M	8.88M	1.93M
	Total Assets
13.41M	15.44M	14.63M	15.12M	12.86M	4.72M
	Total Debt
0.00	113.08K	144.32K	0.00	11.83K	45.41K
	Net Debt
-3.70M	-2.20M	-4.12M	-7.17M	-8.63M	-1.78M
	Total Liabilities
67.75K	1.87M	403.97K	283.21K	337.45K	113.31K
	Stockholders Equity
13.35M	13.57M	14.22M	14.84M	12.52M	4.61M
Cash Flow		Free Cash Flow
-1.18M	-2.48M	-2.99M	-487.77K	-1.31M	-1.28M
	Operating Cash Flow
-722.49K	-1.40M	-548.31K	-459.77K	-1.22M	-729.00K
	Investing Cash Flow
109.07K	-513.37K	-2.32M	-3.98M	-691.87K	-523.22K
	Financing Cash Flow
-42.00K	-41.40K	-34.60K	2.96M	8.74M	2.24M

New Age Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAM, the sentiment is Positive. The current price of 0.11 is below the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.10, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.63 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NAM.

New Age Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IVN	48 Neutral	$15.93B	50.38	5.25%	―	―	-33.54%
GQC	48 Neutral	C$144.98M	―	-26.93%	―	―	25.41%
Sector *	47 Neutral	$2.49B	-2.97	-22.82%	3.51%	4.13%	-28.53%
ELO	39 Underperform	C$88.61M	―	-17.56%	―	―	13.39%
BSX	39 Underperform	C$98.01M	―	-32.17%	―	―	32.34%
NAM	38 Underperform	C$6.11M	―	-5.92%	―	―	-10.16%
NVO	36 Underperform	C$35.46M	―	-145.85%	―	―	―

New Age Metals Corporate Events

New Age Metals Expands Gold-Antimony Holdings in Newfoundland

New Age Metals Inc. has expanded its strategic gold-antimony land package in central Newfoundland by acquiring 42 additional mineral claims, covering 1,050 hectares. These new properties are strategically located along the geological trend of the Beaver Brook Antimony Mine and near New Found Gold Corp.’s Queensway South Project. This expansion increases NAM’s total land holdings in Newfoundland to 19,125 hectares, positioning the company for potential new mineral discoveries amid rising gold and antimony prices. The company plans to conduct aggressive fieldwork in summer 2025, focusing on the Fastness and Palisade properties, which are located in highly prospective geological settings.

New Age Metals Stakes New Gold-Antimony Properties in Newfoundland

New Age Metals Inc. has successfully staked 723 mineral claims, covering 18,075 hectares in Newfoundland and Labrador, positioning itself for potential new discoveries of gold and antimony. This strategic move aligns with the company’s focus on exploring critical metals in under-explored areas, particularly as gold prices reach historic highs and antimony becomes increasingly valuable due to export restrictions from China. The company plans to begin field exploration by late spring to early summer 2025, aiming to leverage favorable market trends and geological conditions.

New Age Metals Expands Operations to Newfoundland and Labrador

New Age Metals Inc. has officially registered to conduct business in Newfoundland and Labrador, marking a strategic expansion of its operations. The company is actively pursuing acquisitions in gold, copper, uranium, antimony, and other critical minerals in the province. This move aligns with NAM’s strategy to enhance its portfolio with new strategic metal projects, leveraging Newfoundland and Labrador’s supportive environment for mineral exploration. NAM continues to develop its flagship Platinum Group Metal Project in Sudbury and maintains a partnership in its Manitoba lithium division with a leading global producer.