Energizer Resources Inc. (OTCMKTS:NSRCF) Sees Large Increase in Short Interest

Key Points

• Energizer Resources Inc. (OTCMKTS:NSRCF) experienced a significant increase in short interest, rising by 34.6% to 233,400 shares in August.
• The company's stock is down 5.3%, trading at $0.33, with a market cap of $60.10 million and a PE ratio of -4.06.
• Energizer Resources primarily focuses on graphite and vanadium exploration, with its flagship property being the Molo graphite mine in Madagascar.

Energizer Resources Inc. (OTCMKTS:NSRCF - ) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 233,400 shares, agrowthof34.6% from the July 31st total of 173,400 shares. Based on an average daily volume of 72,600 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily volume of 72,600 shares, the days-to-cover ratio is presently 3.2 days.

Energizer Resources Stock Down 5.3%

NSRCF stock traded down $0.02 during midday trading on Monday, reaching $0.33. The company's stock had a trading volume of 6,505 shares, compared to its average volume of 26,984. Energizer Resources has a 52 week low of $0.12 and a 52 week high of $0.66. The stock has a market cap of $60.10 million, a PE ratio of -4.06 and a beta of 1.20. The business's 50-day simple moving average is $0.28 and its 200-day simple moving average is $0.24.

About Energizer Resources

NextSource Materials Inc acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its flagship property is the 100% owned Molo graphite mine project located in the Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc The company was founded in 2004 and is headquartered in Toronto, Canada.

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