NextSource Materials (TSE:NEXT) Trading Up 1.2% – Still a Buy?

NextSource Materials Inc. (TSE:NEXT) shares were up 1.2% during mid-day trading on Friday . The company traded as high as C$0.43 and last traded at C$0.43. Approximately 53,660 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 137,360 shares. The stock had previously closed at C$0.43.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued a “market perform” rating on shares of NextSource Materials in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

NextSource Materials Stock Performance

The company has a debt-to-equity ratio of 44.27, a quick ratio of 0.18 and a current ratio of 0.47. The stock has a market capitalization of C$79.51 million, a P/E ratio of -3.31 and a beta of 0.61. The business has a 50-day moving average price of C$0.44 and a 200 day moving average price of C$0.35.

NextSource Materials (TSE:NEXT) last posted its quarterly earnings data on Monday, September 29th. The company reported C($0.08) earnings per share for the quarter. The company had revenue of C$0.60 million during the quarter.

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.