Shares of NextSource Materials Inc. (TSE:NEXT – Get Free Report) traded down 10.1% on Wednesday . The stock traded as low as C$0.31 and last traded at C$0.31. 279,702 shares were traded during trading, an increase of 34% from the average session volume of 209,049 shares. The stock had previously closed at C$0.35.
NextSource Materials Trading Down 10.1%
The company has a quick ratio of 0.18, a current ratio of 0.62 and a debt-to-equity ratio of 136.73. The firm’s 50 day simple moving average is C$0.33 and its two-hundred day simple moving average is C$0.37. The stock has a market cap of C$75.77 million, a P/E ratio of -1.55 and a beta of -0.13.
NextSource Materials (TSE:NEXT – Get Free Report) last released its earnings results on Friday, May 8th. The company reported C($0.04) earnings per share for the quarter. NextSource Materials had a negative net margin of 3,596.55% and a negative return on equity of 109.76%. The business had revenue of C$0.20 million for the quarter.
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.
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