Surge Battery Metals Inc. (OTCMKTS:NILIF) Sees Significant Decline in Short Interest

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 30,119 shares, a decline of 77.7% from the August 15th total of 135,190 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 393,571 shares, the days-to-cover ratio is currently 0.1 days.

Surge Battery Metals Trading Down 3.2%

Shares of Surge Battery Metals stock traded down $0.02 on Friday, reaching $0.68. 142,094 shares of the company were exchanged, compared to its average volume of 156,198. Surge Battery Metals has a fifty-two week low of $0.18 and a fifty-two week high of $0.80. The firm has a market capitalization of $172.11 million, a price-to-earnings ratio of -16.98 and a beta of 1.65. The stock has a fifty day moving average price of $0.55 and a 200-day moving average price of $0.50.

Surge Battery Metals (OTCMKTS:NILIF) last issued its quarterly earnings results on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). On average, equities analysts anticipate that Surge Battery Metals will post -0.02 earnings per share for the current fiscal year.

Surge Battery Metals Company Profile

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.