Surge Battery Metals (OTCMKTS:NILIF) Rating Lowered to Strong Sell at Zacks Research

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

Surge Battery Metals Trading Up 1.0%

Shares of NILIF stock opened at $0.49 on Thursday. The stock has a 50 day simple moving average of $0.60 and a 200-day simple moving average of $0.52. The company has a market cap of $161.99 million, a price-to-earnings ratio of -12.37 and a beta of 1.76. Surge Battery Metals has a 12-month low of $0.23 and a 12-month high of $0.80.

Surge Battery Metals (OTCMKTS:NILIF) last released its quarterly earnings data on Friday, August 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). On average, equities analysts forecast that Surge Battery Metals will post -0.03 earnings per share for the current fiscal 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.