NextSource Materials (TSE:NEXT) Reaches New 12-Month Low – What’s Next?

NextSource Materials Inc. (TSE:NEXTGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.17, with a volume of 182562 shares changing hands. The stock had previously closed at C$0.18.

NextSource Materials Trading Down 5.6%

The stock has a market cap of C$20.11 million, a PE ratio of -1.95 and a beta of 2.10. The company has a current ratio of 0.47, a quick ratio of 0.18 and a debt-to-equity ratio of 44.27. The firm has a fifty day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.53.

NextSource Materials Company Profile

(Get Free Report)

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.

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