NextSource Materials Inc. (OTCMKTS:NSRCF) Short Interest Down 14.6% in February

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

NextSource Materials Trading Up 3.3 %

Shares of OTCMKTS:NSRCF opened at $0.28 on Friday. The stock has a fifty day simple moving average of $0.44 and a two-hundred day simple moving average of $0.46. The stock has a market capitalization of $51.81 million, a price-to-earnings ratio of -3.50 and a beta of 1.07. NextSource Materials has a 12-month low of $0.26 and a 12-month high of $0.77.

NextSource Materials (OTCMKTS:NSRCF) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.02) earnings per share (EPS) 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.