NextSource Materials' (NEXT) Market Perform Rating Reaffirmed at BMO Capital Markets

Key Points

• NextSource Materials has received a "market perform" rating from BMO Capital Markets, indicating analysts expect the stock to perform in line with the market.
• The stock price of NEXT decreased by C$0.03, reaching C$0.47, with a market capitalization of C$55.60 million and a P/E ratio of -5.40.
• NextSource's Molo graphite project in Madagascar is noted as one of the largest and highest-quality graphite deposits globally, which is vital for the company's future potential.

BMO Capital Markets reiterated their market perform rating on shares of NextSource Materials (TSE:NEXT - Free Report) in a report issued on Wednesday,BayStreet.CA reports.

NextSource Materials Stock Down 2.3%

NEXT traded down C$0.01 on Wednesday, reaching C$0.43. The company's stock had a trading volume of 95,100 shares, compared to its average volume of 142,015. The stock has a market cap of C$50.87 million, a price-to-earnings ratio of -4.94 and a beta of 2.10. NextSource Materials has a 1 year low of C$0.15 and a 1 year high of C$0.93. 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 business's 50 day moving average is C$0.30 and its 200 day moving average is C$0.37.

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.