Nextsource Materials Inc. Short Interest Up 73.3% In April

NextSource Materials Inc. (OTCMKTS:NSRCF – Get Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 253,600 shares, a growth of 73.3% from the April 15th total of 146,300 shares. Based on an average daily volume of 78,600 shares, the short-interest ratio is currently 3.2 days.

Shares of OTCMKTS:NSRCF opened at $1.96 on Friday. The stock has a market capitalization of $195.51 million, a PE ratio of -2.72 and a beta of 1.49. NextSource Materials has a 1 year low of $1.38 and a 1 year high of $3.85. The firm has a fifty day moving average price of $2.68 and a 200 day moving average price of $2.81.

NextSource Materials (OTCMKTS:NSRCF – Get Rating) last issued its quarterly earnings data on Monday, February 14th. The company reported ($0.09) earnings per share (EPS) for the quarter.

NextSource Materials Company Profile (Get Rating)

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its principal mineral property is the Molo graphite mine that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar.

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