NextSource Materials (TSE:NEXT) Hits New 1-Year Low – Here’s Why

NextSource Materials Inc. (TSE:NEXT)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as C$0.24 and last traded at C$0.23, with a volume of 25,570 shares traded. The stock had previously closed at C$0.24.

NextSource Materials Price Performance

The stock’s 50 day moving average is C$0.27 and its two-hundred day moving average is C$0.30. The stock has a market capitalization of C$57.71 million, a PE ratio of -1.31 and a beta of -0.19. The company has a debt-to-equity ratio of 222.92, a current ratio of 0.44 and a quick ratio of 0.18.

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