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

NextSource Materials (TSE:NEXT) has been given a C$1.00 price target by analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 51.52% from the company’s previous close.

NextSource Materials Stock Performance

TSE NEXT opened at C$0.66 on Tuesday. The company has a debt-to-equity ratio of 23.34, a current ratio of 5.22 and a quick ratio of 0.18. The company has a fifty day moving average price of C$0.72 and a 200-day moving average price of C$0.97. NextSource Materials has a 1 year low of C$0.60 and a 1 year high of C$2.17. The firm has a market cap of C$102.81 million, a price-to-earnings ratio of -13.20 and a beta of 2.19.

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.