Energizer Resources Inc. (OTCMKTS:NSRCF) Sees Large Decrease in Short Interest

Energizer Resources Inc. (OTCMKTS:NSRCF) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 49,426 shares, a decrease of 79.1% from the May 14th total of 236,905 shares. Based on an average daily volume of 81,262 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Maxim Group upgraded shares of Energizer Resources to a “strong-buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Energizer Resources Trading Up 5.1%

NSRCF stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.26. The company’s stock had a trading volume of 135 shares, compared to its average volume of 41,261. The stock has a market cap of $48.55 million, a PE ratio of -1.38 and a beta of 1.12. Energizer Resources has a fifty-two week low of $0.14 and a fifty-two week high of $0.45. The company’s 50 day moving average is $0.24 and its two-hundred day moving average is $0.27.

Energizer Resources (OTCMKTS:NSRCF) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $0.14 million during the quarter, compared to the consensus estimate of $0.30 million. Energizer Resources had a negative net margin of 3,149.65% and a negative return on equity of 89.77%.

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.