NextSource Materials (TSE:NEXT) Stock Price Up 11.6% – What’s Next?

NextSource Materials Inc. (TSE:NEXT)’s stock price was up 11.6% during mid-day trading on Wednesday . The stock traded as high as C$0.39 and last traded at C$0.39. Approximately 181,291 shares traded hands during trading, a decline of 6% from the average daily volume of 193,687 shares. The stock had previously closed at C$0.35.

NextSource Materials Trading Up 7.2%

The company has a 50-day moving average price of C$0.30 and a 200-day moving average price of C$0.38. The firm has a market capitalization of C$90.83 million, a price-to-earnings ratio of -2.06 and a beta of -0.19. The company has a debt-to-equity ratio of 136.73, a quick ratio of 0.18 and a current ratio of 0.62.

NextSource Materials (TSE:NEXT) last released its quarterly earnings data on Friday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$0.20 million for the quarter. NextSource Materials had a negative return on equity of 109.76% and a negative net margin of 3,596.55%.

About NextSource Materials

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite.