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

Energizer Resources Inc. (OTCMKTS:NSRCF) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 49,426 shares, a decline of 79.1% from the May 14th total of 236,905 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 81,262 shares, the days-to-cover ratio is currently 0.6 days.

Energizer Resources Stock Up 4.1%

Shares of Energizer Resources stock traded up $0.01 on Thursday, hitting $0.23. 2,550 shares of the company’s stock traded hands, compared to its average volume of 40,906. The stock has a market cap of $43.39 million, a P/E ratio of -1.23 and a beta of 1.12. The firm’s 50-day moving average is $0.24 and its 200 day moving average is $0.27. Energizer Resources has a 52-week low of $0.14 and a 52-week high of $0.45.

Energizer Resources (OTCMKTS:NSRCF) last released its earnings results on Friday, May 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $0.14 million during the quarter, compared to analysts’ expectations of $0.30 million. Energizer Resources had a negative return on equity of 89.77% and a negative net margin of 3,149.65%.

Analyst Upgrades and Downgrades

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

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.