Shares of Energizer Resources Inc. (OTCMKTS:NSRCF – Get Free Report) rose 2.2% during trading on Thursday . The stock traded as high as $0.2094 and last traded at $0.2094. 4,500 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 13,199 shares. The stock had previously closed at $0.2048.
Energizer Resources Stock Up 2.2%
The company has a market capitalization of $51.19 million, a PE ratio of -1.10 and a beta of 1.20. The company’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.23.
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.
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