NextSource Materials Inc. (TSE:NEXT - Get Free Report) shares were up 8.7% on Thursday . The company traded as high as C$0.54 and last traded at C$0.50. Approximately 123,263 shares changed hands during trading, a decline of 7% from the average daily volume of 132,155 shares. The stock had previously closed at C$0.46.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reiterated a "market perform" rating on shares of NextSource Materials in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".
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NextSource Materials Stock Up 10.9%
The company has a debt-to-equity ratio of 44.27, a quick ratio of 0.18 and a current ratio of 0.47. The company's 50-day moving average price is C$0.43 and its 200 day moving average price is C$0.33. The stock has a market capitalization of C$94.30 million, a P/E ratio of -7.29 and a beta of 0.60.
NextSource Materials Company Profile
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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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