Surge Battery Metals Inc. (OTCMKTS:NILIF) Short Interest Down 69.7% in July

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 52,908 shares, a decline of 69.7% from the July 15th total of 174,446 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 171,527 shares, the days-to-cover ratio is currently 0.3 days.

Surge Battery Metals Stock Up 4.0%

Shares of NILIF opened at $0.66 on Thursday. The business’s fifty day moving average is $0.50 and its 200 day moving average is $0.48. Surge Battery Metals has a 12-month low of $0.16 and a 12-month high of $0.76. The stock has a market cap of $166.00 million, a P/E ratio of -16.38 and a beta of 1.48.

Surge Battery Metals (OTCMKTS:NILIF) last announced its quarterly earnings results on Tuesday, May 26th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, analysts expect that Surge Battery Metals will post -0.02 EPS for the current year.

Surge Battery Metals Company Profile

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada. The company was formerly known as Copper Creek Gold Corp. and changed its name to Surge Exploration Inc in April 2018. Surge Battery Metals Inc was incorporated in 1987 and is based in Vancouver, Canada.