NextSource Materials (TSE:NEXT) PT Set at C$1.00 by BMO Capital Markets

NextSource Materials (TSE:NEXT) has been given a C$1.00 price objective by stock analysts at BMO Capital Markets in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 51.52% from the company’s previous close.

NextSource Materials Trading Down 5.7 %

TSE:NEXT opened at C$0.66 on Tuesday. The stock has a market cap of C$102.81 million, a price-to-earnings ratio of -13.20 and a beta of 2.19. The company has a debt-to-equity ratio of 23.34, a quick ratio of 0.18 and a current ratio of 5.22. NextSource Materials has a 1 year low of C$0.60 and a 1 year high of C$2.17. The business has a fifty day moving average of C$0.72 and a 200-day moving average of C$0.97.

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.