NextSource Materials (TSE:NEXT) Hits New 52-Week Low – Here’s What Happened

Shares of NextSource Materials Inc. (TSE:NEXT) hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 64,488 shares traded. The stock had previously closed at C$0.24.

NextSource Materials Price Performance

The stock’s fifty day moving average price is C$0.27 and its 200-day moving average price is C$0.30. The firm has a market cap of C$57.71 million, a price-to-earnings ratio of -1.31 and a beta of -0.19. The company has a current ratio of 0.44, a quick ratio of 0.18 and a debt-to-equity ratio of 222.92.

NextSource Materials (TSE:NEXT) last posted its earnings results on Tuesday, September 29th. The company reported C($0.08) EPS for the quarter. NextSource Materials had a negative net margin of 4,758.99% and a negative return on equity of 123.56%. The company had revenue of C$0.14 million during the quarter.

NextSource Materials Company Profile

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.