Energizer Resources (OTCMKTS:NSRCF) Shares Down 16.4% - Should You Sell?

Key Points

• Energizer Resources Inc. shares fell by 16.4% during trading, hitting a low of $0.27 and closing at $0.30, with a significant increase in trading volume.
• In its recent quarterly earnings report, the company posted a loss of ($0.07) EPS and revenue of $0.46 million, which was substantially below analysts' expectations of $3.94 million.
• Energizer Resources, now known as NextSource Materials Inc, primarily focuses on exploring and developing graphite and vanadium deposits, with its flagship Molo graphite mine located in Madagascar.

Energizer Resources Inc. (OTCMKTS:NSRCF - Get Free Report) traded down 16.4% during trading on Monday . The stock traded as low as $0.27 and last traded at $0.30. 968,767 shares traded hands during mid-day trading, an increase of 993% from the average session volume of 88,663 shares. The stock had previously closed at $0.35.

Energizer Resources Stock Performance

The company has a 50 day moving average of $0.32 and a 200 day moving average of $0.24. The stock has a market capitalization of $54.55 million, a price-to-earnings ratio of -2.46 and a beta of 1.17.

Energizer Resources (OTCMKTS:NSRCF - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.46 million during the quarter, compared to analysts' expectations of $3.94 million.

Energizer Resources Company Profile

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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