NextSource Materials (TSE:NEXT) Hits New 12-Month Low – What’s Next?

NextSource Materials Inc. (TSE:NEXT)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$0.18 and last traded at C$0.20, with a volume of 194,878 shares traded. The stock had previously closed at C$0.19.

NextSource Materials Stock Performance

The company has a debt-to-equity ratio of 222.92, a current ratio of 0.44 and a quick ratio of 0.18. The firm has a market capitalization of C$47.88 million, a PE ratio of -1.08 and a beta of -0.10. The firm has a fifty day moving average price of C$0.25 and a 200 day moving average price of C$0.31.

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

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.