NextSource Materials (TSE:NEXT) Sets New 12-Month Low – Time to Sell?

Shares of NextSource Materials Inc. (TSE:NEXTGet Free Report) hit 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. The stock had previously closed at C$0.60.

NextSource Materials Stock Performance

The stock’s 50 day moving average is C$0.64 and its 200 day moving average 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 firm has a market cap 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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