NextSource Materials Inc. (OTCMKTS:NSRCF) Sees Large Drop in Short Interest

NextSource Materials Inc. (OTCMKTS:NSRCF) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 98,600 shares, a decrease of 41.7% from the September 30th total of 169,200 shares. Based on an average daily volume of 91,300 shares, the days-to-cover ratio is presently 1.1 days.

NextSource Materials Stock Performance

Shares of NSRCF opened at $0.44 on Friday. The firm has a market cap of $69.21 million, a P/E ratio of -11.11 and a beta of 1.15. NextSource Materials has a twelve month low of $0.40 and a twelve month high of $1.15. The firm’s 50 day moving average price is $0.50 and its two-hundred day moving average price is $0.55.

NextSource Materials (OTCMKTS:NSRCF) last posted its earnings results on Thursday, October 3rd. The company reported ($0.03) earnings per share (EPS) for 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.