BMO Capital Markets Reiterates C$1.00 Price Target for NextSource Materials (TSE:NEXT)

BMO Capital Markets set a C$1.00 price target on NextSource Materials (TSE:NEXT) in a research report sent to investors on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NextSource Materials Stock Up 1.5 %

NextSource Materials stock opened at C$0.67 on Tuesday. The company has a debt-to-equity ratio of 23.34, a current ratio of 5.22 and a quick ratio of 0.18. NextSource Materials has a 1-year low of C$0.60 and a 1-year high of C$2.17. The company has a market cap of C$104.37 million, a PE ratio of -13.40 and a beta of 2.19. The stock’s 50 day moving average price is C$0.72 and its 200 day moving average price is C$0.97.

About NextSource Materials

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.