Energizer Resources (OTCMKTS:NSRCF) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Energizer Resources (OTCMKTS:NSRCF) posted its earnings results on Friday. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. Energizer Resources had a negative return on equity of 80.51% and a negative net margin of 2,712.16%.The company had revenue of $0.14 million for the quarter, compared to the consensus estimate of $0.30 million.

Energizer Resources Trading Down 3.9%

Energizer Resources stock traded down $0.01 during mid-day trading on Friday, reaching $0.26. The company had a trading volume of 104,788 shares, compared to its average volume of 35,954. The company has a market cap of $48.18 million, a P/E ratio of -1.53 and a beta of 1.06. The business has a fifty day simple moving average of $0.22 and a 200 day simple moving average of $0.28. Energizer Resources has a fifty-two week low of $0.12 and a fifty-two week high of $0.45.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised shares of Energizer Resources to a “strong-buy” rating in a 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”.

Energizer Resources Company Profile

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.