NextSource Materials (TSE:NEXT) Stock Price Down 7.9% – What’s Next?

NextSource Materials Inc. (TSE:NEXTGet Free Report)’s stock price fell 7.9% during trading on Friday . The stock traded as low as C$0.35 and last traded at C$0.35. 332,438 shares changed hands during trading, an increase of 145% from the average session volume of 135,582 shares. The stock had previously closed at C$0.38.

NextSource Materials Stock Down 7.9%

The firm’s 50-day simple moving average is C$0.44 and its 200-day simple moving average is C$0.43. The company has a debt-to-equity ratio of 44.27, a quick ratio of 0.18 and a current ratio of 0.47. The company has a market capitalization of C$64.72 million, a price-to-earnings ratio of -2.33 and a beta of 0.81.

NextSource Materials (TSE:NEXTGet Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$0.59 million for the quarter.

About NextSource Materials

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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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