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NextSource Materials (TSE:NEXT) Stock Price Down 6.8% - Here's What Happened

NextSource Materials logo with Basic Materials background

NextSource Materials Inc. (TSE:NEXT - Get Free Report) shares traded down 6.8% on Monday . The company traded as low as C$0.78 and last traded at C$0.82. 25,165 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 87,048 shares. The stock had previously closed at C$0.88.

NextSource Materials Stock Performance

The firm has a market capitalization of C$127.74 million, a P/E ratio of -16.40 and a beta of 2.10. The stock has a fifty day moving average of C$0.70 and a 200-day moving average of C$0.70. The company has a quick ratio of 0.18, a current ratio of 1.30 and a debt-to-equity ratio of 40.54.

About NextSource Materials

(Get Free Report)

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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