Energizer Resources (OTCMKTS:NSRCF) Posts Quarterly Earnings Results

Energizer Resources (OTCMKTS:NSRCF) released its quarterly earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Energizer Resources had a negative return on equity of 80.51% and a negative net margin of 2,712.16%.

Energizer Resources Price Performance

Shares of NSRCF traded down $0.01 during midday trading on Friday, reaching $0.26. The stock had a trading volume of 104,788 shares, compared to its average volume of 35,954. The company has a market capitalization of $48.18 million, a P/E ratio of -1.53 and a beta of 1.06. The firm’s 50 day moving average price is $0.22 and its 200-day moving average price is $0.28. Energizer Resources has a 52 week low of $0.12 and a 52 week high of $0.45.

Wall Street Analyst Weigh In

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