Energizer Resources (OTCMKTS:NSRCF) Shares Up 2.3% – What’s Next?

Energizer Resources Inc. (OTCMKTS:NSRCF) shares traded up 2.3% during mid-day trading on Thursday . The stock traded as high as $0.2057 and last traded at $0.2047. 5,695 shares were traded during trading, a decline of 0% from the average session volume of 5,720 shares. The stock had previously closed at $0.20.

Analysts Set New Price Targets

Separately, Maxim Group upgraded shares of Energizer Resources to a “strong-buy” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Energizer Resources Trading Up 2.3%

The firm has a market cap of $50.25 million, a P/E ratio of -1.08 and a beta of 1.19. The business has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.25.

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.