NextSource Materials Inc. (OTCMKTS:NSRCF) Short Interest Update

NextSource Materials Inc. (OTCMKTS:NSRCF) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 118,200 shares, an increase of 19.9% from the October 15th total of 98,600 shares. Based on an average daily volume of 51,200 shares, the short-interest ratio is presently 2.3 days.

NextSource Materials Stock Performance

Shares of NSRCF stock remained flat at $0.39 during trading hours on Friday. 3,261 shares of the stock traded hands, compared to its average volume of 19,083. The stock has a market cap of $72.21 million, a PE ratio of -5.62 and a beta of 1.17. The firm has a 50 day moving average price of $0.45 and a 200 day moving average price of $0.54. NextSource Materials has a 12-month low of $0.36 and a 12-month high of $1.03.

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