Surge Battery Metals Inc. (OTCMKTS:NILIF) Sees Significant Decrease in Short Interest

Surge Battery Metals Inc. (OTCMKTS:NILIF) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 30,119 shares, a drop of 77.7% from the August 15th total of 135,190 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 393,571 shares, the short-interest ratio is presently 0.1 days.

Surge Battery Metals Stock Down 1.2%

Shares of NILIF stock opened at $0.70 on Friday. Surge Battery Metals has a 12-month low of $0.18 and a 12-month high of $0.80. The firm has a market capitalization of $177.81 million, a price-to-earnings ratio of -17.54 and a beta of 1.65. The firm has a fifty day moving average of $0.55 and a 200-day moving average of $0.50.

Surge Battery Metals (OTCMKTS:NILIF) last issued its quarterly earnings data on Friday, August 28th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Research analysts expect that Surge Battery Metals will post -0.02 earnings per share 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. 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.