NextSource Materials (TSE:NEXT) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

NextSource Materials Inc. (TSE:NEXT) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.31 and traded as low as C$0.27. NextSource Materials shares last traded at C$0.27, with a volume of 27,063 shares trading hands.

NextSource Materials Price Performance

The business has a fifty day moving average of C$0.31 and a 200 day moving average of C$0.34. The company has a debt-to-equity ratio of 109.60, a current ratio of 0.62 and a quick ratio of 0.18. The stock has a market cap of C$66.28 million, a PE ratio of -1.35 and a beta of -0.01.

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.