NextSource Materials Inc. (TSE:NEXT - Get Free Report)'s stock price fell 9.7% during mid-day trading on Tuesday . The company traded as low as C$0.56 and last traded at C$0.56. 127,423 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 134,943 shares. The stock had previously closed at C$0.62.
Analyst Ratings Changes
Separately, BMO Capital Markets reaffirmed a "market perform" rating on shares of NextSource Materials in a research note on Wednesday, August 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Report on NextSource Materials
NextSource Materials Price Performance
The company has a 50 day simple moving average of C$0.44 and a 200 day simple moving average of C$0.33. The company has a market capitalization of C$105.40 million, a price-to-earnings ratio of -8.14 and a beta of 0.66. The company has a quick ratio of 0.18, a current ratio of 0.47 and a debt-to-equity ratio of 44.27.
NextSource Materials Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NextSource Materials, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NextSource Materials wasn't on the list.
While NextSource Materials currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
