Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Increases By 155.5%

Surge Battery Metals Inc. (OTCMKTS:NILIF) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 135,190 shares, a growth of 155.5% from the July 30th total of 52,908 shares. Based on an average trading volume of 181,559 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Surge Battery Metals Stock Performance

OTCMKTS:NILIF opened at $0.59 on Friday. The stock has a market cap of $150.44 million, a price-to-earnings ratio of -14.84 and a beta of 1.48. Surge Battery Metals has a 1 year low of $0.17 and a 1 year high of $0.76. The business has a fifty day moving average of $0.51 and a 200-day moving average of $0.49.

Surge Battery Metals (OTCMKTS:NILIF) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, equities research analysts predict that Surge Battery Metals will post -0.02 EPS for the current year.

About Surge Battery Metals

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada. The company was formerly known as Copper Creek Gold Corp. and changed its name to Surge Exploration Inc in April 2018. Surge Battery Metals Inc was incorporated in 1987 and is based in Vancouver, Canada.