Energizer Resources (OTCMKTS:NSRCF) Trading Up 4.1% – Time to Buy?

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF) rose 4.1% during trading on Thursday . The stock traded as high as $0.3530 and last traded at $0.33. Approximately 18,400 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 36,337 shares. The stock had previously closed at $0.3171.

Energizer Resources Trading Up 4.1%

The business’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.29. The firm has a market cap of $61.02 million, a P/E ratio of -2.36 and a beta of 1.19.

Energizer Resources (OTCMKTS:NSRCF) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $0.42 million during the quarter, compared to the consensus estimate of $4.10 million. Energizer Resources had a negative net margin of 2,432.45% and a negative return on equity of 54.67%.

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.