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NextSource Materials (TSE:NEXT) Reaches New 52-Week Low - What's Next?

NextSource Materials logo with Basic Materials background

NextSource Materials Inc. (TSE:NEXT - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as C$0.48 and last traded at C$0.49, with a volume of 132814 shares traded. The stock had previously closed at C$0.53.

NextSource Materials Price Performance

The company has a debt-to-equity ratio of 44.27, a current ratio of 0.47 and a quick ratio of 0.18. The firm has a market capitalization of C$56.78 million, a P/E ratio of -5.51 and a beta of 2.10. The firm's 50 day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.68.

NextSource Materials Company Profile

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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.

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