Shares of NextSource Materials Inc. (TSE:NEXT – Get Free Report) traded up 1.7% during trading on Thursday . The company traded as high as C$0.63 and last traded at C$0.60. 52,740 shares were traded during trading, a decline of 34% from the average session volume of 80,217 shares. The stock had previously closed at C$0.59.
NextSource Materials Stock Down 6.7 %
The company has a debt-to-equity ratio of 40.54, a current ratio of 1.30 and a quick ratio of 0.18. 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. The firm’s 50-day simple moving average is C$0.64 and its two-hundred day simple moving average is C$0.74.
NextSource Materials Company Profile
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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