Energizer Resources (OTCMKTS:NSRCF) Upgraded by Maxim Group to Strong-Buy Rating

Maxim Group upgraded shares of Energizer Resources (OTCMKTS:NSRCF) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Energizer Resources Trading Up 2.1%

NSRCF stock opened at $0.22 on Tuesday. The stock has a market capitalization of $41.68 million, a P/E ratio of -1.32 and a beta of 0.93. Energizer Resources has a 12 month low of $0.12 and a 12 month high of $0.45. The firm has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.29.

Energizer Resources (OTCMKTS:NSRCF) last posted its earnings results on Tuesday, February 17th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.13 million during the quarter, compared to the consensus estimate of $2.39 million. Energizer Resources had a negative return on equity of 80.51% and a negative net margin of 2,712.16%.

About Energizer Resources

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.