NextSource Materials (TSE:NEXT) Reaches New 1-Year Low – Time to Sell?

NextSource Materials Inc. (TSE:NEXT) hit a new 52-week low during trading on Friday . The stock traded as low as C$0.26 and last traded at C$0.26, with a volume of 26163 shares changing hands. The stock had previously closed at C$0.26.

NextSource Materials Stock Performance

The stock has a market cap of C$63.83 million, a P/E ratio of -1.30 and a beta of 0.05. The firm’s 50-day moving average is C$0.28 and its two-hundred day moving average is C$0.31. The company has a quick ratio of 0.18, a current ratio of 0.62 and a debt-to-equity ratio of 109.60.

About NextSource Materials

NextSource Materials Inc is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals. The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations. The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner.