BMO Capital Markets Analysts Give NextSource Materials (TSE:NEXT) a C$1.00 Price Target

BMO Capital Markets set a C$1.00 price objective on NextSource Materials (TSE:NEXT) in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NextSource Materials Stock Performance

Shares of NEXT opened at C$0.70 on Tuesday. The stock has a market capitalization of C$109.05 million, a PE ratio of -14.00 and a beta of 2.19. The business’s fifty day moving average price is C$0.72 and its 200 day moving average price is C$0.98. The company has a debt-to-equity ratio of 23.34, a current ratio of 5.22 and a quick ratio of 0.18. NextSource Materials has a 12-month low of C$0.60 and a 12-month high of C$2.17.

About NextSource Materials

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.