NextSource Materials Inc.

NextSource Materials Inc.verified

NSRCF

Price:

$0.57

Market Cap:

$98.64M

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. The company was formerly known as Energizer Resources Inc. and changed its name to NextSource Materials Inc. in April 2017. NextSource Materials Inc. was founded in 2004 and is headquartered in Toronto, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2007-01-03

Stock Exchange

PNK

Ticker

NSRCF

The Current Ratio as of December 2024 (TTM) for NextSource Materials Inc. (NSRCF) is 0.47

According to NextSource Materials Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.47. This represents a change of -82.71% compared to the average of 2.69 of the last 4 quarters.

NextSource Materials Inc. (NSRCF) Historical Current Ratio (quarterly & annually)

How has NSRCF Current Ratio performed in the past?

The mean historical Current Ratio of NextSource Materials Inc. over the last ten years is 1.14. The current 0.47 Current Ratio has changed 3.99% with respect to the historical average. Over the past ten years (40 quarters), NSRCF's Current Ratio was at its highest in in the September 2016 quarter at 11.54. The Current Ratio was at its lowest in in the September 2022 quarter at 0.19.

Quarterly (TTM)
Annual

Average

1.14

Median

0.71

Minimum

0.22

Maximum

4.98

NextSource Materials Inc. (NSRCF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NextSource Materials Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 366.30%

Maximum Annual Current Ratio = 4.98

Minimum Annual Increase = -84.75%

Minimum Annual Current Ratio = 0.22

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.3027.79%
20231.02136.07%
20220.43-11.01%
20210.48122.08%
20200.22-54.62%
20190.48-36.87%
20180.76-84.75%
20174.98366.30%
20161.0762.69%
20150.66-34.06%

NextSource Materials Inc. (NSRCF) Average Current Ratio

How has NSRCF Current Ratio performed in the past?

The current Current Ratio of NextSource Materials Inc. (NSRCF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.91

5-year avg

0.69

10-year avg

1.14

NextSource Materials Inc. (NSRCF) Current Ratio vs. Peers

How is NSRCF’s Current Ratio compared to its peers?

NextSource Materials Inc.’s Current Ratio is less than Leading Edge Materials Corp. (14.11), less than Syrah Resources Limited (4.55), less than Mason Graphite Inc. (70.25), less than Graphite One Inc. (1.09), greater than Northern Graphite Corporation (0.33),

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