Surge Battery Metals (OTCMKTS:NILIF) Stock Price Down 0.7% – Here’s What Happened

Surge Battery Metals Inc. (OTCMKTS:NILIF) dropped 0.7% during mid-day trading on Friday. The stock traded as low as $0.50 and last traded at $0.50. Approximately 158,729 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 110,307 shares. The stock had previously closed at $0.5033.

Surge Battery Metals Trading Down 0.7%

The firm’s fifty day moving average price is $0.59 and its 200-day moving average price is $0.52. The company has a market cap of $163.73 million, a P/E ratio of -12.50 and a beta of 1.76.

Surge Battery Metals (OTCMKTS:NILIF) last released its earnings results on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). As a group, research analysts forecast that Surge Battery Metals Inc. will post -0.02 earnings per share for the current fiscal year.

Surge Battery Metals Company Profile

Surge Battery Metals Inc is a mineral exploration and development company focused on lithium projects in the United States. The company’s primary asset is the Nevada North Lithium Project, a sediment-hosted lithium clay deposit located in Elko County, Nevada.

Surge is advancing the Nevada North project through exploration, drilling, resource evaluation and metallurgical testing. Its work is aimed at assessing the project’s potential to produce lithium carbonate or other lithium products used in rechargeable batteries and energy-storage applications.