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Energizer Resources (OTCMKTS:NSRCF) Shares Down 7% - Should You Sell?

Energizer Resources logo with Basic Materials background

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.
  • Need Better Tools to Track Energizer Resources? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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

Energizer Resources Price Performance

The company has a market capitalization of $60.34 million, a price-to-earnings ratio of -4.08 and a beta of 1.13. The firm has a fifty day simple moving average of $0.22 and a 200 day simple moving average of $0.27.

Energizer Resources (OTCMKTS:NSRCF - Get Free Report) last issued 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

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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