Energizer Resources Inc. (OTCMKTS:NSRCF – Get Free Report)’s stock price traded down 3.3% during mid-day trading on Friday . The company traded as low as $0.2677 and last traded at $0.2677. 7,457 shares changed hands during trading, a decline of 82% from the average session volume of 40,951 shares. The stock had previously closed at $0.2767.
Wall Street Analysts Forecast Growth
Separately, Maxim Group raised shares of Energizer Resources to a “strong-buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Energizer Resources presently has an average rating of “Strong Buy”.
View Our Latest Report on NSRCF
Energizer Resources Trading Down 3.3%
Energizer Resources (OTCMKTS:NSRCF – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $0.14 million during the quarter, compared to analysts’ expectations of $0.30 million. Energizer Resources had a negative return on equity of 89.77% and a negative net margin of 3,149.65%.
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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