NextSource Materials (TSE:NEXT) Trading Up 7.7% – Still a Buy?

NextSource Materials Inc. (TSE:NEXT) traded up 7.7% during trading on Monday . The stock traded as high as C$0.29 and last traded at C$0.28. 129,883 shares changed hands during trading, a decline of 46% from the average session volume of 238,870 shares. The stock had previously closed at C$0.26.

NextSource Materials Price Performance

The firm has a market capitalization of C$68.43 million, a price-to-earnings ratio of -1.56 and a beta of -0.41. The stock’s fifty day moving average price is C$0.40 and its two-hundred day moving average price is C$0.41. The company has a current ratio of 0.28, a quick ratio of 0.18 and a debt-to-equity ratio of 245.98.

NextSource Materials (TSE:NEXT) last issued its earnings results on Tuesday, February 17th. The company reported C($0.07) EPS for the quarter. The firm had revenue of C$0.18 million for the quarter. NextSource Materials had a negative return on equity of 92.19% and a negative net margin of 3,136.81%.

About NextSource Materials

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite.