NextSource Materials (TSE:NEXT) Reaches New 52-Week Low – Here’s Why

NextSource Materials Inc. (TSE:NEXT) reached a new 52-week low on Friday . The stock traded as low as C$0.26 and last traded at C$0.26, with a volume of 26163 shares trading hands. The stock had previously closed at C$0.26.

NextSource Materials Stock Up 1.9%

The company has a debt-to-equity ratio of 109.60, a current ratio of 0.62 and a quick ratio of 0.18. The firm’s 50-day moving average price is C$0.28 and its 200 day moving average price is C$0.31. The firm has a market capitalization of C$65.05 million, a price-to-earnings ratio of -1.32 and a beta of 0.05.

About NextSource Materials

NextSource Materials Inc is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals. The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations. The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner.