Energizer Resources (OTCMKTS:NSRCF) Issues Quarterly Earnings Results

Key Points

• Energizer Resources reported quarterly earnings of ($0.01) per share, beating analyst expectations of ($0.02) by $0.01.
• The stock traded down to $0.26 on Friday, with volume above average; it remains well below its 52-week high of $0.45 and above its 52-week low of $0.12.
• Analyst sentiment is positive, with Maxim Group upgrading the stock to “strong-buy” and MarketBeat showing a consensus Strong Buy rating.

Energizer Resources (OTCMKTS:NSRCF - Get Free Report) released its earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01, Zacks reports. Energizer Resources had a negative net margin of 2,712.16% and a negative return on equity of 80.51%.

Energizer Resources Price Performance

OTCMKTS:NSRCF traded down $0.01 during midday trading on Friday, reaching $0.26. 104,788 shares of the company traded hands, compared to its average volume of 35,954. Energizer Resources has a twelve month low of $0.12 and a twelve month high of $0.45. The company has a fifty day moving average price of $0.22 and a 200 day moving average price of $0.28. The firm has a market capitalization of $48.18 million, a price-to-earnings ratio of -1.53 and a beta of 1.06.

Analysts Set New Price Targets

Separately, Maxim Group raised Energizer Resources to a "strong-buy" rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Energizer Resources currently has a consensus 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.

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