NextSource Materials Inc. (OTCMKTS:NSRCF) Sees Significant Decrease in Short Interest

NextSource Materials Inc. (OTCMKTS:NSRCF) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 156,900 shares, a decrease of 14.6% from the February 13th total of 183,800 shares. Based on an average trading volume of 79,000 shares, the short-interest ratio is currently 2.0 days. Currently, 0.1% of the company’s stock are sold short.

NextSource Materials Trading Up 3.3 %

Shares of OTCMKTS:NSRCF opened at $0.28 on Thursday. The business’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $0.46. NextSource Materials has a 12-month low of $0.26 and a 12-month high of $0.77. The company has a market capitalization of $51.81 million, a PE ratio of -3.50 and a beta of 1.07.

NextSource Materials (OTCMKTS:NSRCF) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $50 billion during the quarter.

NextSource Materials Company Profile

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.