NextSource Materials Inc. (OTCMKTS:NSRCF) Short Interest Up 24.6% in December

NextSource Materials Inc. (OTCMKTS:NSRCF) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 149,200 shares, a growth of 24.6% from the November 30th total of 119,700 shares. Based on an average daily volume of 66,600 shares, the short-interest ratio is currently 2.2 days.

NextSource Materials Price Performance

Shares of NextSource Materials stock traded down $0.01 during trading on Tuesday, reaching $0.50. 7,941 shares of the stock traded hands, compared to its average volume of 31,974. NextSource Materials has a 52-week low of $0.33 and a 52-week high of $0.90. The business has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $0.51. The company has a market capitalization of $92.46 million, a price-to-earnings ratio of -7.14 and a beta of 1.11.

NextSource Materials (OTCMKTS:NSRCF) last posted its quarterly earnings data on Thursday, October 3rd. The company reported ($0.03) earnings per share 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.