NextSource Materials (TSE:NEXT) Issues Quarterly Earnings Results

NextSource Materials (TSE:NEXT) issued its quarterly earnings results on Friday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. NextSource Materials had a negative net margin of 3,136.81% and a negative return on equity of 92.19%. The business had revenue of C$0.20 million during the quarter.

NextSource Materials Price Performance

Shares of NEXT opened at C$0.35 on Friday. NextSource Materials has a 52-week low of C$0.15 and a 52-week high of C$0.63. The company has a debt-to-equity ratio of 245.98, a quick ratio of 0.18 and a current ratio of 0.28. The business’s 50 day moving average price is C$0.30 and its two-hundred day moving average price is C$0.38. The firm has a market cap of C$85.54 million, a PE ratio of -1.94 and a beta of -0.19.

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.