NextSource Materials (TSE:NEXT) Releases Earnings Results

NextSource Materials (TSE:NEXT) issued its quarterly earnings data on Tuesday. The company reported C($0.09) EPS for the quarter, FiscalAI reports. The firm had revenue of C$0.14 million for the quarter. NextSource Materials had a negative net margin of 4,758.99% and a negative return on equity of 123.56%.

NextSource Materials Stock Down 5.4%

TSE NEXT opened at C$0.27 on Thursday. NextSource Materials has a 1 year low of C$0.24 and a 1 year high of C$0.63. The stock has a market capitalization of C$65.07 million, a PE ratio of -1.47 and a beta of 0.05. The company has a debt-to-equity ratio of 222.92, a current ratio of 0.44 and a quick ratio of 0.18. The business’s 50-day moving average is C$0.27 and its 200 day moving average is C$0.31.

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.