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

BMO Capital Markets set a C$1.00 price objective on NextSource Materials (TSE:NEXT) in a research note released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NextSource Materials Stock Up 12.9 %

NextSource Materials stock opened at C$0.70 on Tuesday. The company has a market capitalization of C$109.05 million, a PE ratio of -14.00 and a beta of 2.19. The firm has a 50 day moving average price of C$0.72 and a 200 day moving average price of C$0.98. NextSource Materials has a fifty-two week low of C$0.60 and a fifty-two week high of C$2.17. The company has a debt-to-equity ratio of 23.34, a quick ratio of 0.18 and a current ratio of 5.22.

About NextSource Materials

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.