NextSource Materials Inc. (TSE:NEXT – Get Free Report) shares were up 9.4% during mid-day trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 127,000 shares were traded during trading, a decline of 3% from the average daily volume of 130,999 shares. The stock had previously closed at C$0.16.
NextSource Materials Trading Up 35.1%
The stock has a 50-day moving average price of C$0.27 and a 200-day moving average price of C$0.51. The stock has a market cap of C$29.57 million, a P/E ratio of -2.87 and a beta of 2.10. The company has a debt-to-equity ratio of 44.27, a quick ratio of 0.18 and a current ratio of 0.47.
About NextSource Materials
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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