NextSource Materials Inc. (TSE:NEXT – Get Free Report) shares traded up 11.8% during mid-day trading on Friday . The company traded as high as C$0.86 and last traded at C$0.85. 116,276 shares traded hands during trading, an increase of 36% from the average session volume of 85,277 shares. The stock had previously closed at C$0.76.
NextSource Materials Stock Performance
The company’s 50 day moving average price is C$0.62 and its 200-day moving average price is C$0.70. The stock has a market cap of C$132.41 million, a P/E ratio of -17.00 and a beta of 2.10. The company has a debt-to-equity ratio of 40.54, a quick ratio of 0.18 and a current ratio of 1.30.
About NextSource Materials
NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.
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