Short Interest in Energizer Resources Inc. (OTCMKTS:NSRCF) Drops By 28.0%

Energizer Resources Inc. (OTCMKTS:NSRCF) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 577,959 shares, a decrease of 28.0% from the February 12th total of 802,665 shares. Based on an average daily volume of 120,036 shares, the days-to-cover ratio is currently 4.8 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 120,036 shares, the days-to-cover ratio is currently 4.8 days.

Energizer Resources Trading Down 3.9%

Shares of OTCMKTS:NSRCF traded down $0.01 during trading on Friday, hitting $0.21. 29,581 shares of the stock were exchanged, compared to its average volume of 40,745. The company has a fifty day moving average price of $0.31 and a two-hundred day moving average price of $0.31. The company has a market cap of $39.73 million, a PE ratio of -1.26 and a beta of 0.88. Energizer Resources has a 12-month low of $0.12 and a 12-month high of $0.45.

Energizer Resources (OTCMKTS:NSRCF) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.05) earnings per share for the quarter. The firm had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $2.39 million. Energizer Resources had a negative net margin of 2,712.16% and a negative return on equity of 71.27%.

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.