NextSource Materials Inc. (TSE:NEXT – Get Free Report)’s share price rose 14.3% during mid-day trading on Friday . The stock traded as high as C$0.74 and last traded at C$0.72. Approximately 167,042 shares were traded during trading, an increase of 112% from the average daily volume of 78,932 shares. The stock had previously closed at C$0.63.
NextSource Materials Stock Up 11.1 %
The company has a debt-to-equity ratio of 40.54, a current ratio of 1.30 and a quick ratio of 0.18. The stock has a market cap of C$109.05 million, a price-to-earnings ratio of -14.60 and a beta of 2.10. The business has a fifty day moving average of C$0.58 and a 200 day moving average of C$0.71.
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.
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