Surge Battery Metals (OTCMKTS:NILIF) Stock Dropped to Strong Sell by Zacks Research

Surge Battery Metals (OTCMKTS:NILIF) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.

Surge Battery Metals Trading Up 1.0%

NILIF stock opened at $0.49 on Thursday. The stock has a market cap of $161.99 million, a P/E ratio of -12.37 and a beta of 1.76. Surge Battery Metals has a twelve month low of $0.23 and a twelve month high of $0.80. The company’s 50 day moving average is $0.60 and its two-hundred day moving average is $0.52.

Surge Battery Metals (OTCMKTS:NILIF) last issued its earnings results on Friday, August 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, equities research analysts predict that Surge Battery Metals will post -0.03 earnings per share for the current year.

About Surge Battery Metals

Surge Battery Metals Inc is a Canadian mineral exploration and development company focused on lithium, a key material used in rechargeable batteries and electric vehicles. The company is advancing battery-metal projects in the United States, with its primary focus on the Nevada North Lithium Project in Elko County, Nevada.

The Nevada North project is a sediment-hosted lithium clay property that the company is evaluating through exploration, drilling, metallurgical testing and resource development activities.