NextSource Materials (TSE:NEXT) Shares Down 5.6% – Time to Sell?

NextSource Materials Inc. (TSE:NEXTGet Free Report)’s share price traded down 5.6% on Monday . The company traded as low as C$0.68 and last traded at C$0.68. 66,822 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 68,070 shares. The stock had previously closed at C$0.72.

NextSource Materials Stock Performance

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 stock has a market capitalization of C$60.33 million, a PE ratio of -5.86 and a beta of 2.10. The stock has a 50 day moving average of C$0.77 and a two-hundred day moving average of C$0.69.

About NextSource Materials

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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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