Surge Battery Metals Inc. (OTCMKTS:NILIF) Short Interest Down 69.7% in July

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 52,908 shares, a drop of 69.7% from the July 15th total of 174,446 shares. Based on an average trading volume of 171,527 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Surge Battery Metals Price Performance

Shares of OTCMKTS:NILIF opened at $0.66 on Thursday. Surge Battery Metals has a 1 year low of $0.16 and a 1 year high of $0.76. The business’s 50-day moving average is $0.50 and its 200-day moving average is $0.48. The company has a market capitalization of $166.00 million, a price-to-earnings ratio of -16.38 and a beta of 1.48.

Surge Battery Metals (OTCMKTS:NILIF) last released its earnings results on Tuesday, May 26th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Analysts anticipate that Surge Battery Metals will post -0.02 EPS for the current year.

Surge Battery Metals Company Profile

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.