Short Interest in NextSource Materials Inc. (OTCMKTS:NSRCF) Rises By 19.9%

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

NextSource Materials Price Performance

OTCMKTS NSRCF remained flat at $0.39 on Friday. The company’s stock had a trading volume of 3,261 shares, compared to its average volume of 19,083. The stock’s 50 day simple moving average is $0.45 and its two-hundred day simple moving average is $0.54. NextSource Materials has a 1-year low of $0.36 and a 1-year high of $1.03. The company has a market cap of $72.21 million, a price-to-earnings ratio of -5.62 and a beta of 1.17.

NextSource Materials (OTCMKTS:NSRCF) last posted its quarterly 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.