Zacks Research cut shares of Surge Battery Metals (OTCMKTS:NILIF – Free Report) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks reports.
Surge Battery Metals Stock Up 1.0%
Shares of NILIF opened at $0.49 on Thursday. The firm has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.52. The firm has a market capitalization of $161.99 million, a PE ratio of -12.37 and a beta of 1.76. Surge Battery Metals has a 52-week low of $0.23 and a 52-week high of $0.80.
Surge Battery Metals (OTCMKTS:NILIF – Get Free Report) last released its quarterly earnings results on Friday, August 28th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). On average, equities analysts expect that Surge Battery Metals will post -0.03 EPS for the current year.
About Surge Battery Metals
Surge Battery Metals Inc is a Canadian mineral exploration and development company focused on lithium, a key material used in rechargeable batteries and electric vehicles. The company is advancing battery-metal projects in the United States, with its primary focus on the Nevada North Lithium Project in Elko County, Nevada.
The Nevada North project is a sediment-hosted lithium clay property that the company is evaluating through exploration, drilling, metallurgical testing and resource development activities.
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