StockVS

TSX · Other Industrial Metals & Mining · CAD

NextSource Materials Inc. (NEXT.TO) Stock Analysis

NextSource Materials Inc. (NEXT.TO) is a Other Industrial Metals & Mining stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

NEXT.TO

CA$0.23

−CA$0.00 (−2.13%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare NEXT.TO with… →

NEXT.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$0.23
Previous Close
CA$0.24
52-Week Range
0.23–0.60
Volume
66.24K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.63
Valuation
Market Cap
CA$56.48M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
72.72
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.25
Financials (FY)
Revenue (FY)
CA$0.00
Net Income (FY)
−CA$9.00M
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
245.56M
1-Year Return
−43.90%
Dividend and dates
Earnings Date
November 12, 2026estimated
Avg Volume
86.31K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NEXT.TO closed at CA$0.23, −43.90% over 1 year.

NextSource Materials Inc. (NEXT.TO) has a market capitalization of CA$56.48M.

In fiscal 2024, NEXT.TO reported revenue of CA$0.00.

NEXT.TO Stock Return by Calendar Year

NextSource Materials Inc. (NEXT.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$5,610
−43.90%
5 years
CA$10,000 CA$708
−92.92%
10 years
CA$10,000 CA$2,875
−71.25%

If you had invested CA$10,000 in NextSource Materials Inc. (NEXT.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$2,875 at the close on October 21, 2026: −71.25% in total, −11.72% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−32.35%
2025−53.42%
2024−39.17%
2023−56.04%
2022−16.26%
2021+262.22%
2020+80.00%
2019−44.44%
2018+28.57%
2017+0.00%
2016 (partial year)+0.00%

As of October 21, 2026.

NEXT.TO Revenue and Earnings by Fiscal Year

FY ends June
Fiscal yearRevenueNet incomeNet margin
2024CA$0.00−CA$9.00M—
2023CA$0.00−CA$11.68M—
2022CA$0.00CA$16.12M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2024CA$0.00−CA$198.56K−CA$7.38M−CA$9.00M—
2023CA$0.00−CA$393.86K−CA$4.79M−CA$11.68M—
2022CA$0.00−CA$35.04K−CA$2.59MCA$16.12M—

Annual figures as reported, in the company's reporting currency. As of June 30, 2024.

NEXT.TO Valuation vs Other Industrial Metals & Mining Median

Median of 103 stocks
MetricNEXT.TOOther Industrial Metals & Mining medianvs median
P/S ratio72.7213.405.4x the median

Medians across 103 Other Industrial Metals & Mining stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

NextSource Materials Inc. (NEXT.TO) carries a market capitalisation of CA$56.48M. The company sits in the Basic Materials sector, in the Other Industrial Metals & Mining industry. The company reports 198 employees.

NEXT.TO last closed at CA$0.23 on October 21, 2026. That is CA$0.00 (−2.13%) against the previous close. The 52-week range on file runs from CA$0.23 to CA$0.60.

Financial Health

The most recent full year on file, fiscal 2024, shows revenue of CA$0.00. The same year closed with a net loss of CA$9.00M. Earnings per share on a trailing basis come to −0.25.

Across the 3 fiscal years on file, revenue moves from CA$0.00 in 2022 to CA$0.00 in 2024. Of those 3 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The price-to-sales ratio is 72.72. On price-to-sales that is 5.4 times the Other Industrial Metals & Mining median of 13.4. The medians here are taken across 103 Other Industrial Metals & Mining companies that report the metric.

The trailing one-year total return is −43.90%. Across 10 years the annualized return works out at −11.72%. Beta against the wider market is reported at 0.63. Daily returns over the trailing 10 years annualize to a volatility of 112.45%.

Growth & Income

The record shows no dividend for NEXT.TO.

So far in 2026 the total return is −32.35%. The strongest complete calendar year on file is 2021 at +262.22%; the weakest is 2023 at −56.04%. Of the 9 complete calendar years on file, 3 finished higher.

Peer Comparison

NextSource Materials Inc. (NEXT.TO) operates in the Other Industrial Metals & Mining industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
NextSource Materials Inc. NEXT.TO CA$56.48M —
BHP Group Limited BHP $211.50B 21.6
Rio Tinto Group RIO $141.37B 11.8
Vale S.A. VALE $54.05B 25.4

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Other Industrial Metals & Mining industry average P/E ratio is 18.2x. NextSource Materials Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Other Industrial Metals & Mining Stocks

View all Other Industrial Metals & Mining stocks →

Popular Basic Materials Stocks

View all Basic Materials stocks →

About NextSource Materials Inc.

NextSource Materials Inc. explores for, develops, and evaluates mineral properties in Madagascar and Canada. It operates in two segments, Mine Development, and Battery Anode Facilities (BAF) Development. The company explores for graphite and vanadium deposits. It holds interests in the Molo graphite mine located in the Province of Toliara in Southern Madagascar; the Green Giant Vanadium Project located in Madagascar; and the Sagar Project located in Quebec, Canada. The company also operates battery anode facilities in Mauritius. In addition, it provides mining and value-added processing of graphite concentrate and other minerals under the SuperFlake brand name. 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.

Visit website →