NextSource Materials (TSE:NEXT) Given a C$1.00 Price Target by BMO Capital Markets Analysts

NextSource Materials (TSE:NEXT) received a C$1.00 target price from stock analysts at BMO Capital Markets in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 42.86% from the company’s previous close.

NextSource Materials Price Performance

NEXT stock traded up C$0.08 during trading on Tuesday, reaching C$0.70. 105,499 shares of the company were exchanged, compared to its average volume of 85,320. The company has a market cap of C$109.05 million, a P/E ratio of -14.00 and a beta of 2.19. NextSource Materials has a 52-week low of C$0.60 and a 52-week high of C$2.17. The stock’s 50 day moving average price is C$0.72 and its 200 day moving average price is C$0.98. The company has a debt-to-equity ratio of 23.34, a quick ratio of 0.18 and a current ratio of 5.22.

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 flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.