Energizer Resources (OTCMKTS:NSRCF) Rating Increased to Strong-Buy at Maxim Group

Energizer Resources (OTCMKTS:NSRCF) was upgraded by equities researchers at Maxim Group to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Energizer Resources Price Performance

OTCMKTS NSRCF opened at $0.22 on Tuesday. The company has a 50 day simple moving average of $0.23 and a 200-day simple moving average of $0.29. The firm has a market capitalization of $41.68 million, a price-to-earnings ratio of -1.32 and a beta of 0.93. Energizer Resources has a 52-week low of $0.12 and a 52-week high of $0.45.

Energizer Resources (OTCMKTS:NSRCF) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $2.39 million. Energizer Resources had a negative return on equity of 80.51% and a negative net margin of 2,712.16%.

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.