Energizer Resources (OTCMKTS:NSRCF) Shares Down 4% - Here's What Happened

Key Points

• Energizer Resources' shares fell by 4% during trading, decreasing from a previous close of $0.31 to $0.30.
• The company has a market capitalization of $54.88 million and a price-to-earnings ratio of -3.71.
• NextSource Materials Inc., which was previously known as Energizer Resources Inc., primarily explores for graphite and vanadium deposits in Madagascar and Canada.

Energizer Resources Inc. (OTCMKTS:NSRCF - Get Free Report) fell 4% on Friday . The stock traded as low as $0.30 and last traded at $0.30. 8,078 shares were traded during mid-day trading, a decline of 76% from the average session volume of 34,030 shares. The stock had previously closed at $0.31.

Energizer Resources Stock Down 5.2%

The company has a market capitalization of $56.06 million, a PE ratio of -3.79 and a beta of 1.21. The company has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.24.

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.