Energizer Resources Inc. (OTCMKTS:NSRCF) Short Interest Up 118.7% in February

Energizer Resources Inc. (OTCMKTS:NSRCF) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 802,665 shares, an increase of 118.7% from the January 29th total of 367,071 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 128,093 shares, the short-interest ratio is presently 6.3 days. Based on an average daily volume of 128,093 shares, the short-interest ratio is presently 6.3 days. Approximately 0.5% of the shares of the stock are short sold.

Energizer Resources Price Performance

Energizer Resources stock remained flat at $0.25 during trading on Friday. The company had a trading volume of 22,049 shares, compared to its average volume of 59,005. The firm’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.31. The firm has a market capitalization of $46.56 million, a P/E ratio of -1.48 and a beta of 1.20. Energizer Resources has a 52-week low of $0.12 and a 52-week high of $0.45.

Energizer Resources (OTCMKTS:NSRCF) last issued its earnings results on Tuesday, February 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. Energizer Resources had a negative return on equity of 71.27% and a negative net margin of 2,712.16%.The company had revenue of $0.13 million during the quarter, compared to analyst estimates of $2.39 million.

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.