NextSource Materials (TSE:NEXT) Stock Price Down 8.9% – Here’s What Happened

NextSource Materials Inc. (TSE:NEXT) dropped 8.9% on Friday . The stock traded as low as C$0.51 and last traded at C$0.51. Approximately 52,427 shares were traded during trading, a decline of 57% from the average daily volume of 120,569 shares. The stock had previously closed at C$0.56.

NextSource Materials Trading Down 8.9%

The company has a debt-to-equity ratio of 44.27, a current ratio of 0.47 and a quick ratio of 0.18. The company has a market capitalization of C$94.30 million, a price-to-earnings ratio of -3.40 and a beta of 0.58. The business has a fifty day moving average price of C$0.43 and a 200 day moving average price of C$0.43.

NextSource Materials (TSE:NEXT) last released its earnings results on Thursday, November 13th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$0.59 million for the quarter.

NextSource Materials Company Profile

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite.