Energizer Resources (OTCMKTS:NSRCF) Announces Earnings Results, Misses Estimates By $0.04 EPS

Energizer Resources (OTCMKTS:NSRCF) issued its quarterly earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Zacks reports. Energizer Resources had a negative return on equity of 89.77% and a negative net margin of 3,149.65%.The firm had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.40 million.

Energizer Resources Stock Performance

Shares of Energizer Resources stock opened at $0.19 on Wednesday. Energizer Resources has a 52-week low of $0.17 and a 52-week high of $0.45. The stock has a market capitalization of $46.94 million, a PE ratio of -1.01 and a beta of 1.20. The company has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.22.

Energizer Resources Company Profile

Energizer Resources Inc was a mineral exploration and development company focused on advancing mineral properties in Madagascar. Its principal asset was the Molo Graphite Project, a large flake-graphite deposit in the southern part of the country.

The company’s activities centered on exploration, resource evaluation, feasibility work and development planning for graphite production. Graphite is used in applications including lithium-ion battery anodes, refractories, lubricants and other industrial products.

Energizer Resources later changed its name to NextSource Materials Inc The company’s Molo project remained its primary development focus under the new corporate identity.