NextSource Materials (TSE:NEXT) Trading 1.7% Higher – Here’s What Happened

by · The Cerbat Gem

NextSource Materials Inc. (TSE:NEXT – Get Free Report) was up 1.7% during mid-day trading on Thursday . The stock traded as high as C$0.63 and last traded at C$0.60. Approximately 52,740 shares were traded during trading, a decline of 34% from the average daily volume of 80,217 shares. The stock had previously closed at C$0.59.

NextSource Materials Price Performance

The firm has a market capitalization of C$93.47 million, a P/E ratio of -12.00 and a beta of 2.10. The company has a quick ratio of 0.18, a current ratio of 1.30 and a debt-to-equity ratio of 40.54. The business’s 50 day moving average is C$0.64 and its 200-day moving average is C$0.74.

About NextSource Materials

(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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