Neometals (LON:NMT) Stock Rating Reaffirmed By Royal Bank Of Canada

Royal Bank of Canada restated their outperform rating on shares of Neometals (LON:NMT – Get Rating) in a research report released on Friday morning, MarketBeat Ratings reports. They currently have a GBX 105 ($1.27) target price on the stock.

Neometals Stock Performance

Shares of LON:NMT opened at GBX 63.50 ($0.77) on Friday. Neometals has a 1 year low of GBX 52 ($0.63) and a 1 year high of GBX 109.90 ($1.33). The stock has a market cap of £350.74 million and a P/E ratio of 3,247.00. The company has a current ratio of 17.18, a quick ratio of 17.13 and a debt-to-equity ratio of 0.29.

Neometals Company Profile

Neometals Ltd explores and evaluates mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials from spent and scrap lithium batteries; Vanadium Recovery project, which recovers vanadium pentoxide from processing by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia.

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