NextSource Materials (TSE:NEXT) Hits New 52-Week Low – What’s Next?

Shares of NextSource Materials Inc. (TSE:NEXTGet Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as C$0.57 and last traded at C$0.61, with a volume of 5667 shares changing hands. The stock had previously closed at C$0.60.

NextSource Materials Stock Down 6.7 %

The firm’s 50-day moving average price is C$0.64 and its 200 day moving average price is C$0.74. The company has a current ratio of 1.30, a quick ratio of 0.18 and a debt-to-equity ratio of 40.54. The company has a market capitalization of C$87.24 million, a price-to-earnings ratio of -11.20 and a beta of 2.10.

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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