Energizer Resources (OTCMKTS:NSRCF) Releases Earnings Results

Energizer Resources (OTCMKTS:NSRCF) issued its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, Zacks reports. The business had revenue of $0.13 million during the quarter, compared to analyst estimates of $2.39 million. Energizer Resources had a negative return on equity of 71.27% and a negative net margin of 2,712.16%.

Energizer Resources Price Performance

NSRCF traded up $0.01 on Thursday, reaching $0.27. 5,357 shares of the company traded hands, compared to its average volume of 47,839. The company has a market cap of $50.51 million, a price-to-earnings ratio of -1.60 and a beta of 1.20. The stock’s 50 day moving average price is $0.32 and its 200-day moving average price is $0.32. Energizer Resources has a 52-week low of $0.12 and a 52-week high of $0.45.

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.