Energizer Resources (OTCMKTS:NSRCF – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Energizer Resources had a negative return on equity of 80.51% and a negative net margin of 2,712.16%.The firm had revenue of $0.14 million for the quarter, compared to analysts’ expectations of $0.30 million.
Energizer Resources Stock Performance
Energizer Resources stock opened at $0.26 on Friday. The firm has a market cap of $48.18 million, a P/E ratio of -1.37 and a beta of 1.06. The business’s fifty day moving average is $0.22 and its two-hundred day moving average is $0.28. Energizer Resources has a 52 week low of $0.12 and a 52 week high of $0.45.
Analyst Upgrades and Downgrades
Separately, Maxim Group upgraded Energizer Resources to a “strong-buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Energizer Resources presently has a consensus rating of “Strong Buy”.
Energizer Resources Company Profile
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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