NextSource Materials (TSE:NEXT) Trading Down 1.3%

Posted by Jessica Moore on Aug 13th, 2024

NextSource Materials Inc. (TSE:NEXT – Get Free Report)’s stock price was down 1.3% during mid-day trading on Monday . The company traded as low as C$0.77 and last traded at C$0.77. Approximately 6,500 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 80,316 shares. The stock had previously closed at C$0.78.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets set a C$1.00 target price on NextSource Materials and gave the stock an “outperform” rating in a research note on Tuesday, May 7th.

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NextSource Materials Trading Down 1.3 %

The firm has a 50-day moving average of C$0.83 and a two-hundred day moving average of C$0.78. The firm has a market capitalization of C$119.95 million, a P/E ratio of -15.40 and a beta of 2.21. The company has a current ratio of 5.22, a quick ratio of 0.18 and a debt-to-equity ratio of 23.34.

NextSource Materials Company Profile

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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.