NextSource Materials (TSE:NEXT) Reaches New 12-Month Low – Here’s Why

NextSource Materials Inc. (TSE:NEXTGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.47 and last traded at C$0.47, with a volume of 76447 shares trading hands. The stock had previously closed at C$0.48.

NextSource Materials Price Performance

The company has a current ratio of 0.47, a quick ratio of 0.18 and a debt-to-equity ratio of 44.27. The company has a market capitalization of C$55.60 million, a P/E ratio of -5.40 and a beta of 2.10. The company has a 50 day moving average price of C$0.76 and a 200 day moving average price of C$0.68.

About NextSource Materials

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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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