NextSource Materials (TSE:NEXT) Hits New 1-Year Low – Here’s What Happened

NextSource Materials Inc. (TSE:NEXTGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as C$0.48 and last traded at C$0.49, with a volume of 132814 shares. The stock had previously closed at C$0.53.

NextSource Materials Stock Down 4.0 %

The company has a market capitalization of C$56.78 million, a price-to-earnings ratio of -5.51 and a beta of 2.10. The stock’s fifty day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.68. The company has a debt-to-equity ratio of 44.27, a current ratio of 0.47 and a quick ratio of 0.18.

NextSource Materials Company Profile

(Get Free Report)

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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