NextSource Materials (TSE:NEXT) Sets New 52-Week Low at $0.63

NextSource Materials Inc. (TSE:NEXT)’s stock price hit a new 52-week low on Monday . The company traded as low as C$0.63 and last traded at C$0.63, with a volume of 44737 shares. The stock had previously closed at C$0.64.

Analyst Ratings Changes

Separately, BMO Capital Markets set a C$1.00 price objective on shares of NextSource Materials and gave the company an “outperform” rating in a report on Tuesday.

NextSource Materials Stock Down 5.7 %

The company has a market capitalization of C$102.81 million, a P/E ratio of -13.20 and a beta of 2.19. The company has a current ratio of 5.22, a quick ratio of 0.18 and a debt-to-equity ratio of 23.34. The stock’s fifty day moving average is C$0.72 and its 200 day moving average is C$0.97.

About NextSource Materials

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.