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NextSource Materials Inc. Stock
Pros and Cons of NextSource Materials Inc. in the next few years
Pros
Cons
Performance of NextSource Materials Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| NextSource Materials Inc. | -0.410% | -8.398% | -2.366% | -65.365% | -42.134% | -80.867% | -39.167% |
| Western Copper+gold Corp. | 1.820% | -9.589% | -5.308% | -23.875% | 6.452% | 23.364% | 155.814% |
| Fortuna Silver Mines Inc. | -1.100% | -4.481% | 36.971% | 19.594% | 20.136% | -34.192% | 54.367% |
| New Gold Inc. | -0.980% | -4.151% | 8.576% | 36.625% | 22.351% | 9.409% | 106.486% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon an initial look at the financial statements of NextSource Materials (US symbol: ENZR) in the Metals & Mining industry, it appears that the company has experienced some volatility in its financial position over the years. The overall impression is that while the company has been making strides in terms of its asset base and capital structure, it still faces several challenges which require further examination.
Increasing Total Assets: NextSource Materials has shown consistent growth in its total assets over the past few years. From $27,3439 in 2020 to $57,985,755 in 2023, it is evident that the company is expanding its asset base, which is a positive sign for its potential growth prospects.
Higher Cash Reserves: The cash and cash equivalents for the company grew from $222,305 in 2020 to $11,055,086 by 2023, indicating a stronger liquidity position in the recent period. This can support the company in its operations and investment activities, both of which are essential for sustained growth.