NextSource Materials (TSE:NEXT) Posts Quarterly Earnings Results

NextSource Materials (TSE:NEXT) released its quarterly earnings results on Tuesday. The company reported C($0.09) earnings per share for the quarter, FiscalAI reports. NextSource Materials had a negative return on equity of 109.76% and a negative net margin of 3,596.55%.The firm had revenue of C$0.14 million during the quarter.

NextSource Materials Price Performance

NextSource Materials stock opened at C$0.28 on Wednesday. NextSource Materials has a 52 week low of C$0.24 and a 52 week high of C$0.63. The business has a 50-day simple moving average of C$0.28 and a 200 day simple moving average of C$0.31. The company has a quick ratio of 0.18, a current ratio of 0.62 and a debt-to-equity ratio of 109.60. The stock has a market cap of C$68.74 million, a price-to-earnings ratio of -1.40 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.