NextSource Materials Inc. (OTCMKTS:NSRCF) Short Interest Down 41.7% in October

NextSource Materials Inc. (OTCMKTS:NSRCF - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 98,600 shares, a decrease of 41.7% from the September 30th total of 169,200 shares. Based on an average trading volume of 91,300 shares, the short-interest ratio is presently 1.1 days.

NextSource Materials Price Performance

NextSource Materials stock traded down $0.04 during midday trading on Friday, reaching $0.44. 24,191 shares of the company traded hands, compared to its average volume of 34,146. NextSource Materials has a 12 month low of $0.40 and a 12 month high of $1.15. The firm has a market capitalization of $69.21 million, a price-to-earnings ratio of -11.11 and a beta of 1.15. The business has a 50 day moving average of $0.50 and a two-hundred day moving average of $0.55.

NextSource Materials (OTCMKTS:NSRCF - Get Free Report) last released its quarterly earnings results on Thursday, October 3rd. The company reported ($0.03) earnings per share for 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.