Energizer Resources (OTCMKTS:NSRCF) Shares Down 7% - Here's What Happened

Key Points

• Energizer Resources Inc. (OTCMKTS:NSRCF) shares fell by 7%, trading at $0.33, with an 80% decline in trading volume compared to the average.
• The company reported earnings of ($0.01) EPS for the last quarter, with revenue of $0.21 million.
• Energizer Resources focuses on the exploration and development of mineral properties, specifically graphite and vanadium, primarily located in Madagascar and Canada.

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF - Get Free Report) were down 7% during trading on Thursday . The company traded as low as $0.33 and last traded at $0.33. Approximately 20,401 shares traded hands during trading, a decline of 80% from the average daily volume of 100,734 shares. The stock had previously closed at $0.35.

Energizer Resources Trading Up 3.7%

The stock has a market cap of $63.13 million, a P/E ratio of -4.27 and a beta of 1.13. The stock's fifty day moving average price is $0.22 and its 200 day moving average price is $0.26.

Energizer Resources (OTCMKTS:NSRCF - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $0.21 million for the quarter.

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.