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

NextSource Materials Inc. (OTCMKTS:NSRCF) was the recipient 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 79,000 shares, the days-to-cover ratio is currently 2.0 days.

NextSource Materials Price Performance

NSRCF stock opened at $0.28 on Friday. NextSource Materials has a 1-year low of $0.26 and a 1-year high of $0.77. The business has a fifty day moving average price of $0.44 and a 200-day moving average price of $0.46. The stock has a market capitalization of $51.81 million, a P/E ratio of -3.50 and a beta of 1.07.

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

About NextSource Materials

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.