Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Increases By 155.5%

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 135,190 shares, an increase of 155.5% from the July 30th total of 52,908 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 181,559 shares, the short-interest ratio is presently 0.7 days.

Surge Battery Metals Trading Down 3.2%

Shares of Surge Battery Metals stock opened at $0.59 on Friday. Surge Battery Metals has a 52 week low of $0.17 and a 52 week high of $0.76. The stock has a market cap of $150.44 million, a PE ratio of -14.84 and a beta of 1.48. The company’s 50-day moving average price is $0.51 and its two-hundred day moving average price is $0.49.

Surge Battery Metals (OTCMKTS:NILIF) last posted its quarterly earnings data on Tuesday, May 26th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). On average, equities analysts predict that Surge Battery Metals will post -0.02 EPS for the current fiscal year.

About Surge Battery Metals

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada. The company was formerly known as Copper Creek Gold Corp. and changed its name to Surge Exploration Inc in April 2018. Surge Battery Metals Inc was incorporated in 1987 and is based in Vancouver, Canada.