Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Declines By 69.7%

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 52,908 shares, a decline of 69.7% from the July 15th total of 174,446 shares. Based on an average daily trading volume, of 171,527 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Surge Battery Metals Stock Down 1.5%

Shares of OTCMKTS:NILIF traded down $0.01 during trading on Friday, hitting $0.62. The stock had a trading volume of 67,334 shares, compared to its average volume of 251,520. The stock has a 50-day simple moving average of $0.50 and a two-hundred day simple moving average of $0.48. The stock has a market capitalization of $156.85 million, a price-to-earnings ratio of -15.47 and a beta of 1.48. Surge Battery Metals has a 12-month low of $0.16 and a 12-month high of $0.76.

Surge Battery Metals (OTCMKTS:NILIF) last issued its earnings results on Tuesday, May 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). As a group, sell-side analysts forecast that Surge Battery Metals will post -0.02 earnings per share for the current year.

About Surge Battery Metals

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.