Energizer Resources (OTCMKTS:NSRCF) Trading 4.1% Higher – Here’s What Happened

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF) traded up 4.1% during trading on Thursday . The stock traded as high as $0.42 and last traded at $0.4199. 12,510 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 40,845 shares. The stock had previously closed at $0.4032.

Energizer Resources Price Performance

The stock has a market cap of $68.48 million, a price-to-earnings ratio of -2.64 and a beta of 1.19. The stock’s 50 day simple moving average is $0.31 and its two-hundred day simple moving average is $0.31.

Energizer Resources (OTCMKTS:NSRCF) last issued its earnings results on Thursday, November 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Energizer Resources had a negative return on equity of 54.67% and a negative net margin of 2,432.45%.The company had revenue of $0.42 million during the quarter, compared to analyst estimates of $4.10 million.

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.