NextSource Materials (TSE:NEXT) Reaches New 52-Week Low – Here’s What Happened

NextSource Materials Inc. (TSE:NEXT)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as C$0.26 and last traded at C$0.26, with a volume of 640417 shares changing hands. The stock had previously closed at C$0.26.

NextSource Materials Stock Up 2.0%

The company has a current ratio of 0.62, a quick ratio of 0.18 and a debt-to-equity ratio of 109.60. The firm has a 50 day moving average price of C$0.30 and a 200-day moving average price of C$0.32. The firm has a market cap of C$63.83 million, a price-to-earnings ratio of -1.30 and a beta of -0.01.

NextSource Materials Company Profile

NextSource Materials Inc is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals. The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations. The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner.