NextSource Materials Inc. (TSE:NEXT – Get Free Report) shares were up 11.8% during trading on Friday . The stock traded as high as C$0.86 and last traded at C$0.85. Approximately 116,276 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 85,277 shares. The stock had previously closed at C$0.76.
NextSource Materials Stock Performance
The company has a 50-day simple moving average of C$0.62 and a two-hundred day simple moving average of C$0.70. The company has a debt-to-equity ratio of 40.54, a quick ratio of 0.18 and a current ratio of 1.30. The firm has a market capitalization of C$132.41 million, a P/E ratio of -17.00 and a beta of 2.10.
NextSource Materials Company Profile
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.
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