Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Increases By 155.5%

Surge Battery Metals Inc. (OTCMKTS:NILIF) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 135,190 shares, a growth of 155.5% from the July 30th total of 52,908 shares. Based on an average trading volume of 181,559 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Surge Battery Metals Trading Up 8.4%

OTCMKTS NILIF traded up $0.05 on Friday, hitting $0.64. 117,362 shares of the company were exchanged, compared to its average volume of 164,396. The company has a market cap of $163.14 million, a PE ratio of -16.09 and a beta of 1.48. Surge Battery Metals has a 12 month low of $0.17 and a 12 month high of $0.76. The stock has a fifty day moving average of $0.52 and a 200-day moving average of $0.49.

Surge Battery Metals (OTCMKTS:NILIF) last posted its quarterly earnings results on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). On average, analysts expect that Surge Battery Metals will post -0.02 earnings per share for the current year.

Surge Battery Metals Company Profile

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.