Energizer Resources (OTCMKTS:NSRCF) Trading 11.6% Higher – Here’s What Happened

by · The Markets Daily

Energizer Resources Inc. (OTCMKTS:NSRCF – Get Free Report) shot up 11.6% during trading on Wednesday . The stock traded as high as $0.2746 and last traded at $0.2572. 360 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 10,046 shares. The stock had previously closed at $0.2305.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded shares of Energizer Resources to a “strong-buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Read Our Latest Stock Report on Energizer Resources

Energizer Resources Price Performance

The company has a market capitalization of $47.73 million, a PE ratio of -1.35 and a beta of 1.17. The stock has a 50-day simple moving average of $0.26 and a 200 day simple moving average of $0.27.

Energizer Resources (OTCMKTS:NSRCF – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $0.14 million during the quarter, compared to the consensus estimate of $0.29 million. Energizer Resources had a negative return on equity of 89.77% and a negative net margin of 3,149.65%.

Energizer Resources Company Profile

(Get Free Report)

Energizer Resources (OTCMKTS:NSRCF) is a mineral exploration and development company focused primarily on the advancement of high-purity graphite projects. The company’s flagship asset is the Molo Graphite Project in southern Madagascar, where it has delineated a significant measured and indicated resource. Energizer Resources aims to supply natural flake graphite for use in lithium-ion batteries, automotive components, energy storage systems and a variety of industrial applications. Its technical team has completed prefeasibility and definitive feasibility studies, positioning the project for potential commercial production in line with growing demand for sustainable battery materials.

In support of project development, Energizer Resources has pursued offtake memoranda of understanding with downstream processors in Asia and Europe, targeting long-term supply arrangements for graphite concentrate.

Featured Stories