Energizer Resources Inc. (OTCMKTS:NSRCF) Short Interest Update

Energizer Resources Inc. (OTCMKTS:NSRCF) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 577,959 shares, a decrease of 28.0% from the February 12th total of 802,665 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 120,036 shares, the short-interest ratio is currently 4.8 days. Based on an average trading volume of 120,036 shares, the short-interest ratio is currently 4.8 days. Currently, 0.3% of the shares of the stock are short sold.

Energizer Resources Trading Down 3.9%

NSRCF traded down $0.01 during trading hours on Friday, hitting $0.21. The company’s stock had a trading volume of 29,581 shares, compared to its average volume of 40,745. Energizer Resources has a 12 month low of $0.12 and a 12 month high of $0.45. The stock has a market cap of $39.73 million, a price-to-earnings ratio of -1.26 and a beta of 0.88. The business’s 50-day moving average price is $0.31 and its 200-day moving average price is $0.31.

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

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.