Energizer Resources (OTCMKTS:NSRCF) Issues Earnings Results, Misses Estimates By $0.04 EPS

Energizer Resources (OTCMKTS:NSRCF) posted its quarterly earnings results on Monday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Zacks reports. Energizer Resources had a negative return on equity of 89.77% and a negative net margin of 3,149.65%.The firm had revenue of $0.08 million for the quarter, compared to analyst estimates of $0.40 million.

Energizer Resources Trading Down 8.2%

Shares of NSRCF opened at $0.19 on Wednesday. The firm has a market capitalization of $46.94 million, a price-to-earnings ratio of -1.01 and a beta of 1.20. The firm’s fifty day simple moving average is $0.20 and its 200-day simple moving average is $0.22. Energizer Resources has a twelve month low of $0.17 and a twelve month high of $0.45.

Energizer Resources Company Profile

Energizer Resources Inc was a mineral exploration and development company focused on advancing mineral properties in Madagascar. Its principal asset was the Molo Graphite Project, a large flake-graphite deposit in the southern part of the country.

The company’s activities centered on exploration, resource evaluation, feasibility work and development planning for graphite production. Graphite is used in applications including lithium-ion battery anodes, refractories, lubricants and other industrial products.

Energizer Resources later changed its name to NextSource Materials Inc The company’s Molo project remained its primary development focus under the new corporate identity.