Energizer Resources Inc. (OTCMKTS:NSRCF) Short Interest Update

Energizer Resources Inc. (OTCMKTS:NSRCF) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 802,665 shares, an increase of 118.7% from the January 29th total of 367,071 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 128,093 shares, the short-interest ratio is currently 6.3 days. Based on an average trading volume of 128,093 shares, the short-interest ratio is currently 6.3 days. Currently, 0.5% of the company’s stock are short sold.

Energizer Resources Stock Performance

NSRCF opened at $0.24 on Friday. The firm has a market cap of $44.58 million, a P/E ratio of -1.41 and a beta of 1.20. The business has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.31. Energizer Resources has a twelve month low of $0.12 and a twelve month high of $0.45.

Energizer Resources (OTCMKTS:NSRCF) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.05) EPS for the quarter. Energizer Resources had a negative net margin of 2,712.16% and a negative return on equity of 71.27%. The company had revenue of $0.13 million for the quarter, compared to analyst estimates of $2.39 million.

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.