Energizer Resources Inc. (OTCMKTS:NSRCF) Short Interest Update

Energizer Resources Inc. (OTCMKTS:NSRCF) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 49,426 shares, a decline of 79.1% from the May 14th total of 236,905 shares. Based on an average daily volume of 81,262 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Energizer Resources Price Performance

NSRCF traded up $0.01 during trading on Friday, hitting $0.24. The company had a trading volume of 3,030 shares, compared to its average volume of 40,534. The company has a market cap of $44.46 million, a PE ratio of -1.26 and a beta of 1.12. The business has a 50-day moving average of $0.25 and a 200-day moving average of $0.27. Energizer Resources has a 1-year low of $0.14 and a 1-year high of $0.45.

Energizer Resources (OTCMKTS:NSRCF) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $0.14 million for the quarter, compared to analysts’ expectations of $0.30 million. Energizer Resources had a negative net margin of 3,149.65% and a negative return on equity of 89.77%.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised 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, According to data from MarketBeat, Energizer Resources has a consensus rating of “Strong Buy”.

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.