NextSource Materials (OTCMKTS:NSRCF) Price Target Lowered to C$6.00 at BMO Capital Markets

NextSource Materials (OTCMKTS:NSRCF – Get Rating) had its target price lowered by analysts at BMO Capital Markets from C$7.00 to C$6.00 in a research report issued on Thursday, The Fly reports.

Shares of NextSource Materials stock traded down $0.05 during trading on Thursday, reaching $1.82. The company’s stock had a trading volume of 1,305 shares, compared to its average volume of 26,191. The stock has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.77. NextSource Materials has a one year low of $1.38 and a one year high of $3.85. The stock has a market capitalization of $181.03 million, a P/E ratio of -3.18 and a beta of 1.49.

NextSource Materials Company Profile (Get Rating)

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its principal mineral property is the Molo graphite mine that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar.

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