Energizer Resources (OTCMKTS:NSRCF) Announces Earnings Results

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

Energizer Resources Stock Down 8.2%

Shares of Energizer Resources stock opened at $0.19 on Wednesday. The business has a fifty day simple moving average of $0.20 and a 200 day simple moving average of $0.22. The stock has a market cap of $46.94 million, a PE ratio of -1.01 and a beta of 1.20. Energizer Resources has a 12 month low of $0.17 and a 12 month high of $0.45.

About Energizer Resources

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.