NextSource Materials (TSE:NEXT) Trading Up 18% – Should You Buy?

Shares of NextSource Materials Inc. (TSE:NEXTGet Free Report) traded up 18% on Friday . The stock traded as high as C$0.31 and last traded at C$0.30. 437,011 shares traded hands during mid-day trading, an increase of 247% from the average session volume of 126,116 shares. The stock had previously closed at C$0.25.

NextSource Materials Stock Performance

The firm has a 50 day moving average price of C$0.22 and a 200-day moving average price of C$0.41. The company has a market cap of C$38.45 million, a P/E ratio of -3.73 and a beta of 2.10. The company has a debt-to-equity ratio of 44.27, a quick ratio of 0.18 and a current ratio of 0.47.

NextSource Materials Company Profile

(Get Free Report)

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.

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