NextSource Materials (TSE:NEXT) Announces Quarterly Earnings Results

NextSource Materials (TSE:NEXT) posted its earnings results on Tuesday. The company reported C($0.08) EPS for the quarter, reports. The business had revenue of C$0.14 million for the quarter. NextSource Materials had a negative return on equity of 123.56% and a negative net margin of 4,758.99%.

NextSource Materials Price Performance

Shares of TSE:NEXT traded down C$0.01 during trading on Monday, reaching C$0.26. The company had a trading volume of 59,257 shares, compared to its average volume of 162,618. The stock has a market capitalization of C$62.62 million, a P/E ratio of -1.42 and a beta of -0.19. The company has a current ratio of 0.44, a quick ratio of 0.18 and a debt-to-equity ratio of 222.92. NextSource Materials has a 12 month low of C$0.24 and a 12 month high of C$0.63. The company has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.31.

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.