NextSource Materials Inc. (TSE:NEXT – Get Free Report)’s share price fell 10.1% during mid-day trading on Wednesday . The company traded as low as C$0.31 and last traded at C$0.31. 279,702 shares were traded during trading, an increase of 34% from the average session volume of 209,049 shares. The stock had previously closed at C$0.35.
NextSource Materials Stock Performance
The firm’s 50-day moving average price is C$0.34 and its 200 day moving average price is C$0.37. The company has a debt-to-equity ratio of 136.73, a quick ratio of 0.18 and a current ratio of 0.62. The company has a market cap of C$84.32 million, a price-to-earnings ratio of -1.73 and a beta of -0.13.
NextSource Materials (TSE:NEXT – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported C($0.04) earnings per share for the quarter. NextSource Materials had a negative net margin of 3,596.55% and a negative return on equity of 109.76%. The business had revenue of C$0.20 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.
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