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

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF) rose 11.6% during trading on Wednesday . The company traded as high as $0.2746 and last traded at $0.2572. 360 shares were traded during trading, a decline of 96% from the average session volume of 10,046 shares. The stock had previously closed at $0.2305.

Wall Street Analysts Forecast Growth

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

Energizer Resources Trading Up 11.6%

The company’s fifty day simple moving average is $0.26 and its 200 day simple moving average is $0.27. The stock has a market capitalization of $47.73 million, a P/E ratio of -1.35 and a beta of 1.17.

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

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.