NextSource Materials (TSE:NEXT) Reaches New 52-Week Low – What’s Next?

NextSource Materials Inc. (TSE:NEXT) shares hit a new 52-week low on Monday. The company traded as low as C$0.19 and last traded at C$0.20, with a volume of 11,658 shares trading hands. The stock had previously closed at C$0.18.

NextSource Materials Price Performance

The company has a market cap of C$46.66 million, a PE ratio of -1.06 and a beta of -0.10. The firm’s 50-day moving average is C$0.25 and its 200-day moving average is C$0.32. The company has a quick ratio of 0.18, a current ratio of 0.44 and a debt-to-equity ratio of 222.92.

NextSource Materials (TSE:NEXT) last issued its quarterly earnings data on Tuesday, September 29th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$0.14 million during the quarter. NextSource Materials had a negative return on equity of 123.56% and a negative net margin of 4,758.99%.

NextSource Materials Company Profile

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.