Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Expands By 53.6%

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 40,100 shares, agrowthof53.6% from the July 31st total of 26,100 shares. Based on an average daily trading volume, of 161,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 161,100 shares, the days-to-cover ratio is currently 0.2 days.

Surge Battery Metals Trading Down 2.8%

Shares of OTCMKTS:NILIF traded down $0.01 during trading on Tuesday, hitting $0.19. 8,335 shares of the company were exchanged, compared to its average volume of 74,620. The firm has a fifty day moving average price of $0.18 and a two-hundred day moving average price of $0.20. Surge Battery Metals has a fifty-two week low of $0.10 and a fifty-two week high of $0.40. The stock has a market cap of $32.97 million, a price-to-earnings ratio of -4.70 and a beta of 0.51.

Surge Battery Metals (OTCMKTS:NILIF) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). As a group, research analysts predict that Surge Battery Metals will post -0.03 EPS 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.