Energizer Resources (OTCMKTS:NSRCF) Releases Earnings Results

Energizer Resources (OTCMKTS:NSRCF) announced its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, Zacks reports. Energizer Resources had a negative return on equity of 54.67% and a negative net margin of 2,432.45%.

Energizer Resources Stock Down 1.0%

NSRCF traded down $0.00 during trading on Tuesday, reaching $0.29. 5,965 shares of the company’s stock were exchanged, compared to its average volume of 49,970. The company has a market capitalization of $52.89 million, a P/E ratio of -2.04 and a beta of 1.20. The business has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.32. Energizer Resources has a fifty-two week low of $0.12 and a fifty-two week high of $0.47.

Energizer Resources Company Profile

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.