Shares of NextSource Materials Inc (TSE:NEXT) fell 11.1% on Monday . The company traded as low as C$0.08 and last traded at C$0.08, 154,300 shares traded hands during trading. A decline of 61% from the average session volume of 392,325 shares. The stock had previously closed at C$0.09.
The company has a market capitalization of $40.59 million and a price-to-earnings ratio of -20.00. The company has a 50-day moving average of C$0.09.
NextSource Materials Company Profile (TSE:NEXT)
NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. It explores for graphite, vanadium, and other minerals. The company primarily holds a 100% interest in the Molo graphite property that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar.
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