NextSource Materials (TSE:NEXT) Receives "Market Perform" Rating from 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 reaffirmed their market perform rating on shares of NextSource Materials (TSE:NEXT - Free Report) in a report published on Wednesday morning,BayStreet.CA reports.

NextSource Materials Price Performance

NEXT traded up C$0.01 on Wednesday, reaching C$0.45. The company had a trading volume of 47,300 shares, compared to its average volume of 141,700. The business has a 50 day simple moving average of C$0.29 and a 200 day simple moving average of C$0.38. The company has a market cap of C$53.23 million, a price-to-earnings ratio of -5.17 and a beta of 2.10. NextSource Materials has a 52-week low of C$0.15 and a 52-week high of C$0.93. The company has a debt-to-equity ratio of 44.27, a quick ratio of 0.18 and a current ratio of 0.47.

About NextSource Materials

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.