Surge Battery Metals Inc. (OTCMKTS:NILIF) Sees Significant Decrease in Short Interest

Surge Battery Metals Inc. (OTCMKTS:NILIF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 30,119 shares, a decrease of 77.7% from the August 15th total of 135,190 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 393,571 shares, the days-to-cover ratio is presently 0.1 days.

Surge Battery Metals Stock Down 1.2%

Shares of OTCMKTS:NILIF opened at $0.70 on Friday. The firm has a market cap of $177.81 million, a price-to-earnings ratio of -17.54 and a beta of 1.65. Surge Battery Metals has a 12 month low of $0.18 and a 12 month high of $0.80. The company’s fifty day simple moving average is $0.55 and its 200 day simple moving average is $0.50.

Surge Battery Metals (OTCMKTS:NILIF) last announced its earnings results on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Research analysts expect that Surge Battery Metals will post -0.02 earnings per share for the current fiscal year.

Surge Battery Metals Company Profile

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada. The company was formerly known as Copper Creek Gold Corp. and changed its name to Surge Exploration Inc in April 2018. Surge Battery Metals Inc was incorporated in 1987 and is based in Vancouver, Canada.