NextSource Materials Inc. (TSE:NEXT – Get Free Report) shares rose 14.3% during trading on Friday . The company traded as high as C$0.74 and last traded at C$0.72. Approximately 167,042 shares traded hands during trading, an increase of 112% from the average daily volume of 78,932 shares. The stock had previously closed at C$0.63.
NextSource Materials Trading Up 11.1 %
The company has a quick ratio of 0.18, a current ratio of 1.30 and a debt-to-equity ratio of 40.54. The firm’s 50-day simple moving average is C$0.58 and its 200 day simple moving average is C$0.71. The stock has a market capitalization of C$109.05 million, a P/E ratio of -14.60 and a beta of 2.10.
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.
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