Surge Battery Metals (OTCMKTS:NILIF) Stock Falls 0.7% – Here’s What Happened

Surge Battery Metals Inc. (OTCMKTS:NILIF)’s share price was down 0.7% on Friday. The stock traded as low as $0.50 and last traded at $0.50. Approximately 158,729 shares traded hands during trading, an increase of 44% from the average daily volume of 110,307 shares. The stock had previously closed at $0.5033.

Surge Battery Metals Price Performance

The firm has a market cap of $163.73 million, a P/E ratio of -12.50 and a beta of 1.76. The stock’s 50 day moving average is $0.59 and its two-hundred day moving average is $0.52.

Surge Battery Metals (OTCMKTS:NILIF) last announced its quarterly earnings results on Friday, August 28th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). As a group, research analysts forecast that Surge Battery Metals Inc. will post -0.02 EPS for the current fiscal year.

Surge Battery Metals Company Profile

Surge Battery Metals Inc is a mineral exploration and development company focused on lithium projects in the United States. The company’s primary asset is the Nevada North Lithium Project, a sediment-hosted lithium clay deposit located in Elko County, Nevada.

Surge is advancing the Nevada North project through exploration, drilling, resource evaluation and metallurgical testing. Its work is aimed at assessing the project’s potential to produce lithium carbonate or other lithium products used in rechargeable batteries and energy-storage applications.