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

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

Energizer Resources Stock Up 5.1%

Shares of NSRCF stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.26. 135 shares of the stock were exchanged, compared to its average volume of 41,261. The firm has a fifty day moving average of $0.24 and a 200 day moving average of $0.27. Energizer Resources has a 52-week low of $0.14 and a 52-week high of $0.45. The company has a market cap of $48.55 million, a PE ratio of -1.38 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

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

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.