NextSource Materials (TSE:NEXT) Shares Up 1.2% – Time to Buy?

Shares of NextSource Materials Inc. (TSE:NEXT) rose 1.2% during trading on Friday . The stock traded as high as C$0.43 and last traded at C$0.43. Approximately 53,660 shares changed hands during trading, a decline of 61% from the average daily volume of 137,360 shares. The stock had previously closed at C$0.43.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated a “market perform” rating on shares of NextSource Materials in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

NextSource Materials Price Performance

The business has a 50-day moving average of C$0.44 and a 200 day moving average of C$0.35. The company has a current ratio of 0.47, a quick ratio of 0.18 and a debt-to-equity ratio of 44.27. The firm has a market capitalization of C$79.51 million, a P/E ratio of -3.31 and a beta of 0.61.

NextSource Materials (TSE:NEXT) last announced its quarterly earnings data on Monday, September 29th. The company reported C($0.08) EPS for the quarter. The business had revenue of C$0.60 million during the quarter.

NextSource Materials Company Profile

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite.