NextSource Materials (OTCMKTS:NSRCF) Trading 7.2% Higher

NextSource Materials Inc. (OTCMKTS:NSRCFGet Free Report)’s stock price traded up 7.2% during trading on Thursday . The company traded as high as $0.63 and last traded at $0.61. 7,568 shares traded hands during trading, a decline of 71% from the average session volume of 26,509 shares. The stock had previously closed at $0.57.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised shares of NextSource Materials to a “hold” rating in a research note on Tuesday, May 7th.

View Our Latest Stock Report on NSRCF

NextSource Materials Trading Up 7.2 %

The stock has a market cap of $94.45 million, a P/E ratio of -15.16 and a beta of 1.18. The business has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.64.

NextSource Materials (OTCMKTS:NSRCFGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter.

NextSource Materials Company Profile

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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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