NextSource Materials (TSE:NEXT) Reaches New 12-Month Low at $1.42

NextSource Materials Inc. (TSE:NEXTGet Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$1.42 and last traded at C$1.42, with a volume of 39438 shares traded. The stock had previously closed at C$1.51.

Analyst Ratings Changes

Separately, Eight Capital set a C$4.00 price target on NextSource Materials and gave the stock a “buy” rating in a research note on Thursday, June 15th.

View Our Latest Stock Analysis on NextSource Materials

NextSource Materials Stock Down 6.0 %

The company has a quick ratio of 0.18, a current ratio of 1.84 and a debt-to-equity ratio of 39.24. The company has a fifty day simple moving average of C$1.59 and a 200 day simple moving average of C$1.91. The firm has a market capitalization of C$220.65 million, a P/E ratio of 5.59 and a beta of 2.08.

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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