NextSource Materials (TSE:NEXT) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

NextSource Materials Inc. (TSE:NEXT) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.34 and traded as low as C$0.28. NextSource Materials shares last traded at C$0.29, with a volume of 97,594 shares traded.

NextSource Materials Stock Performance

The company’s 50-day moving average price is C$0.34 and its 200 day moving average price is C$0.35. The company has a debt-to-equity ratio of 109.60, a quick ratio of 0.18 and a current ratio of 0.62. The stock has a market capitalization of C$71.19 million, a PE ratio of -1.45 and a beta of -0.02.

NextSource Materials (TSE:NEXT) last announced its quarterly earnings results on Friday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. NextSource Materials had a negative net margin of 3,596.55% and a negative return on equity of 109.76%. The company had revenue of C$0.20 million for the quarter.

About NextSource Materials

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.