NextSource Materials Inc. (OTCMKTS:NSRCF - Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 156,900 shares, a decrease of 14.6% from the February 13th total of 183,800 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 79,000 shares, the days-to-cover ratio is presently 2.0 days.
NextSource Materials Price Performance
Shares of OTCMKTS:NSRCF traded down $0.01 during midday trading on Friday, reaching $0.27. 2,503 shares of the company's stock were exchanged, compared to its average volume of 21,554. The stock has a market cap of $50.30 million, a price-to-earnings ratio of -3.40 and a beta of 1.07. NextSource Materials has a fifty-two week low of $0.26 and a fifty-two week high of $0.77. The firm's 50 day simple moving average is $0.44 and its two-hundred day simple moving average is $0.45.
NextSource Materials (OTCMKTS:NSRCF - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $50 billion for the quarter.
About NextSource Materials
(
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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.
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