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

NextSource Materials Inc. (OTCMKTS:NSRCF) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 135,300 shares, a drop of 20.2% from the March 15th total of 169,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,800 shares, the short-interest ratio is currently 19.9 days.

NextSource Materials Price Performance

OTCMKTS:NSRCF traded up $0.02 during midday trading on Monday, reaching $0.22. 25,694 shares of the company traded hands, compared to its average volume of 30,266. NextSource Materials has a twelve month low of $0.18 and a twelve month high of $0.77. The company has a fifty day moving average price of $0.29 and a 200 day moving average price of $0.41. The firm has a market capitalization of $40.50 million, a price-to-earnings ratio of -2.74 and a beta of 1.06.

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