NextSource Materials (TSE:NEXT) Trading Up 7.7% - Still a Buy?

Key Points

• Shares rose 7.7% to C$0.28 on Monday on about 129,883 shares traded (≈46% below average), and the stock is trading well below its 50- and 200-day moving averages (C$0.40 and C$0.41).
• Financials are weak: current ratio 0.28, quick ratio 0.18, debt-to-equity 245.98, latest EPS C($0.07) on C$0.18M revenue, with a negative ROE (92.19%) and an extreme negative net margin (-3,136.81%), market cap C$68.43M.
• Company profile: NextSource is a Toronto-based strategic materials developer that owns the Molo graphite project in Madagascar, cited as one of the largest and highest-quality SuperFlake graphite deposits globally.

NextSource Materials Inc. (TSE:NEXT - Get Free Report) shares were up 7.7% on Monday . The stock traded as high as C$0.29 and last traded at C$0.28. Approximately 129,883 shares traded hands during trading, a decline of 46% from the average daily volume of 238,870 shares. The stock had previously closed at C$0.26.

NextSource Materials Stock Performance

The company has a current ratio of 0.28, a quick ratio of 0.18 and a debt-to-equity ratio of 245.98. The company has a market capitalization of C$68.43 million, a price-to-earnings ratio of -1.56 and a beta of -0.41. The stock's fifty day simple moving average is C$0.40 and its 200-day simple moving average is C$0.41.

NextSource Materials (TSE:NEXT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported C($0.07) earnings per share for the quarter. The company had revenue of C$0.18 million for the quarter. NextSource Materials had a negative return on equity of 92.19% and a negative net margin of 3,136.81%.

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.

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