NextSource Materials (TSE:NEXT) Sets New 52-Week Low – Here’s Why

Shares of NextSource Materials Inc. (TSE:NEXTGet Free Report) hit a new 52-week low on Monday . The stock traded as low as C$0.38 and last traded at C$0.38, with a volume of 53550 shares trading hands. The stock had previously closed at C$0.39.

NextSource Materials Stock Performance

The company has a 50 day moving average of C$0.62 and a 200 day moving average of C$0.64. The company has a quick ratio of 0.18, a current ratio of 0.47 and a debt-to-equity ratio of 44.27. The firm has a market cap of C$46.73 million, a price-to-earnings ratio of -4.54 and a beta of 2.10.

NextSource Materials Company Profile

(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.

Further Reading

Receive News & Ratings for NextSource Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextSource Materials and related companies with MarketBeat.com's FREE daily email newsletter.