NextSource Materials (TSE:NEXT) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of NextSource Materials Inc. (TSE:NEXT) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.35 and traded as high as C$0.40. NextSource Materials shares last traded at C$0.39, with a volume of 57,397 shares trading hands.

NextSource Materials Stock Performance

The company has a debt-to-equity ratio of 136.73, a quick ratio of 0.18 and a current ratio of 0.62. The firm’s 50 day simple moving average is C$0.35 and its 200-day simple moving average is C$0.37. The company has a market cap of C$95.32 million, a price-to-earnings ratio of -1.95 and a beta of -0.13.

NextSource Materials (TSE:NEXT) last released its earnings results on Friday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$0.20 million for the quarter. NextSource Materials had a negative return on equity of 109.76% and a negative net margin of 3,596.55%.

NextSource Materials Company Profile

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.