Energizer Resources (OTCMKTS:NSRCF) Announces Earnings Results

Energizer Resources (OTCMKTS:NSRCF) announced its earnings results on Tuesday. The company reported ($0.05) EPS 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%

Shares of Energizer Resources stock traded down $0.00 during midday trading on Tuesday, hitting $0.29. The company’s stock had a trading volume of 5,965 shares, compared to its average volume of 49,970. The firm has a market capitalization of $52.89 million, a P/E ratio of -2.04 and a beta of 1.20. Energizer Resources has a 1-year low of $0.12 and a 1-year high of $0.47. The stock has a 50-day simple moving average of $0.32 and a 200-day simple moving average of $0.32.

About Energizer Resources

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.