Namibia Critical Metals Inc. (NMI:CA) Rises 15.38% for January 07

Equities Staff  |

January 07 was a positive day for Namibia Critical Metals Inc. (NMI:CA) as its stock finished the day having gained 15.38% to hit a price of $0.15 a share. The company reached a market cap of 27.05 million and has 180.33 million shares outstanding. Namibia Critical Metals Inc. is a component of the the S&P/TSX SmallCap Index.

23,500 shares changed hands over the course of the day as compared to an average volume of 23,346 over the last 30 days for Namibia Critical Metals Inc..

Namibia Critical Metals Inc, formerly Namibia Rare Earths Inc is engaged in the business of exploration and development of rare earth properties in Namibia. The company holds an interest in the Lofdal Rare Earths Project, which covers an area of more than 400 square kilometers located to the northwest of the town of Khorixas in the Kunene Region of north-western Namibia. It primarily explores for rare and precious metals and minerals. Geographically, operations are carried out through the region of Canada.. The company makes its home in Bedford, NS, and is currently under the leadership of CEO Pine van Wyk.

Namibia Critical Metals Inc. has hit a high of $0.46 and reached a low of $0.07 over its last year of trading. The stock’s 50-day SMA is now $0.18 and 200-day SMA is $0.24. As for its price valuations, the P/E ratio is at 23.6 and P/B is now 0.94.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Namibia Critical Metals Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: NMI:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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