Surge Battery Metals (OTCMKTS:NILIF) Downgraded by Zacks Research to “Strong Sell”

Surge Battery Metals (OTCMKTS:NILIF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Surge Battery Metals Price Performance

NILIF opened at $0.49 on Thursday. Surge Battery Metals has a 12 month low of $0.23 and a 12 month high of $0.80. The stock has a market capitalization of $161.99 million, a price-to-earnings ratio of -12.37 and a beta of 1.76. The business has a fifty day moving average price of $0.60 and a 200 day moving average price of $0.52.

Surge Battery Metals (OTCMKTS:NILIF) last posted its quarterly earnings results on Friday, August 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, research analysts anticipate that Surge Battery Metals will post -0.03 earnings per share for the current year.

Surge Battery Metals Company Profile

Surge Battery Metals Inc is a Canadian mineral exploration and development company focused on lithium, a key material used in rechargeable batteries and electric vehicles. The company is advancing battery-metal projects in the United States, with its primary focus on the Nevada North Lithium Project in Elko County, Nevada.

The Nevada North project is a sediment-hosted lithium clay property that the company is evaluating through exploration, drilling, metallurgical testing and resource development activities.