NextSource Materials (TSE:NEXT) Trading 1.7% Higher – Time to Buy?

NextSource Materials Inc. (TSE:NEXT)’s stock price traded up 1.7% on Monday . The stock traded as high as C$0.30 and last traded at C$0.30. 36,045 shares were traded during mid-day trading, a decline of 82% from the average session volume of 205,906 shares. The stock had previously closed at C$0.30.

NextSource Materials Trading Up 1.7%

The company has a debt-to-equity ratio of 245.98, a current ratio of 0.28 and a quick ratio of 0.18. The stock has a market capitalization of C$74.54 million, a price-to-earnings ratio of -1.69 and a beta of -0.14. The business has a 50 day simple moving average of C$0.32 and a 200-day simple moving average of C$0.40.

NextSource Materials (TSE:NEXT) last posted its earnings results on Tuesday, February 17th. The company reported C($0.07) earnings per share (EPS) for the quarter. NextSource Materials had a negative net margin of 3,136.81% and a negative return on equity of 92.19%. The business had revenue of C$0.18 million during the quarter.

About NextSource Materials

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite.