NextSource Materials (TSE:NEXT) Sets New 1-Year Low – Here’s Why

NextSource Materials Inc. (TSE:NEXTGet Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.48 and last traded at C$0.49, with a volume of 132814 shares. The stock had previously closed at C$0.53.

NextSource Materials Price Performance

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 stock has a market capitalization of C$62.70 million, a PE ratio of -6.08 and a beta of 2.10. The firm has a 50 day moving average price of C$0.77 and a 200 day moving average price of C$0.69.

NextSource Materials Company Profile

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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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