Shares of NextSource Materials Inc. (TSE:NEXT – Get Rating) rose 3.7% during trading on Friday . The stock traded as high as C$2.80 and last traded at C$2.79. Approximately 21,665 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 136,585 shares. The stock had previously closed at C$2.69.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets decreased their price target on shares of NextSource Materials from C$7.00 to C$6.00 in a research report on Thursday, May 26th.
NextSource Materials Stock Performance
The company has a market cap of C$276.29 million and a PE ratio of -4.99. The company’s 50-day simple moving average is C$2.17 and its 200 day simple moving average is C$3.07.
NextSource Materials Company Profile
NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its principal mineral property is the Molo graphite mine that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar.
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