NextSource Materials (TSE:NEXT) Shares Up 13.7% – Still a Buy?

NextSource Materials Inc. (TSE:NEXT)’s stock price traded up 13.7% during trading on Monday. The stock traded as high as C$0.30 and last traded at C$0.29. Approximately 214,405 shares traded hands during trading, an increase of 29% from the average session volume of 165,595 shares. The stock had previously closed at C$0.26.

NextSource Materials Trading Up 9.8%

The stock has a market capitalization of C$68.74 million, a P/E ratio of -1.40 and a beta of 0.05. The company has a debt-to-equity ratio of 109.60, a current ratio of 0.62 and a quick ratio of 0.18. The business’s 50 day simple moving average is C$0.28 and its 200-day simple moving average is C$0.31.

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.