Energizer Resources (OTCMKTS:NSRCF) Trading Up 4% – Still a Buy?

Energizer Resources Inc. (OTCMKTS:NSRCF)’s share price was up 4% during mid-day trading on Wednesday . The company traded as high as $0.2138 and last traded at $0.2138. 2,653 shares changed hands during trading, a decline of 73% from the average daily volume of 9,706 shares. The stock had previously closed at $0.2055.

Analyst Ratings Changes

Separately, Maxim Group raised Energizer Resources to a “strong-buy” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Energizer Resources Stock Up 1.4%

The firm has a 50 day simple moving average of $0.25 and a 200-day simple moving average of $0.26. The stock has a market cap of $39.66 million, a P/E ratio of -1.12 and a beta of 1.17.

Energizer Resources (OTCMKTS:NSRCF) last issued its earnings results on Friday, May 8th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $0.14 million during the quarter, compared to the consensus estimate of $0.29 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.