NextSource Materials (TSE:NEXT) Trading Down 1.3%

NextSource Materials Inc. (TSE:NEXT) fell 1.3% during mid-day trading on Monday . The company traded as low as C$0.77 and last traded at C$0.77. 6,500 shares were traded during trading, a decline of 92% from the average session volume of 80,316 shares. The stock had previously closed at C$0.78.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets set a C$1.00 price target on NextSource Materials and gave the company an “outperform” rating in a report on Tuesday, May 7th.

NextSource Materials Stock Down 1.3 %

The company has a current ratio of 5.22, a quick ratio of 0.18 and a debt-to-equity ratio of 23.34. The firm has a 50-day moving average of C$0.83 and a 200 day moving average of C$0.78. The stock has a market capitalization of C$119.95 million, a price-to-earnings ratio of -15.40 and a beta of 2.21.

NextSource Materials Company Profile

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.