Surge Battery Metals Inc. (OTCMKTS:NILIF) Stock Short Interest Report for October

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 56,956 shares, an increase of 78.7% from the September 30th total of 31,868 shares. Based on an average daily volume of 240,488 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Surge Battery Metals Stock Down 1.2%

Surge Battery Metals stock traded down $0.01 during midday trading on Monday, reaching $0.43. The stock had a trading volume of 16,744 shares, compared to its average volume of 219,536. The firm has a market capitalization of $140.97 million, a PE ratio of -10.71 and a beta of 1.86. The firm’s 50-day moving average price is $0.56 and its 200 day moving average price is $0.51. Surge Battery Metals has a 12 month low of $0.27 and a 12 month high of $0.80.

Surge Battery Metals (OTCMKTS:NILIF) last released its quarterly earnings data on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Equities research analysts expect that Surge Battery Metals will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Surge Battery Metals from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Surge Battery Metals

Surge Battery Metals Inc is a Canadian mineral exploration and development company focused on advancing battery-metal projects in North America. The company’s principal asset is the Nevada North Lithium Project, a lithium claystone project located in Elko County, Nevada.

Surge is evaluating the project as a potential source of lithium for use in rechargeable batteries and electric vehicles. Its activities include mineral exploration, drilling, resource evaluation, metallurgical testing and technical studies intended to assess the project’s development potential.