Energizer Resources (OTCMKTS:NSRCF) Stock Price Up 2.3% – Here’s Why

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF) shot up 2.3% during mid-day trading on Thursday . The company traded as high as $0.2057 and last traded at $0.2047. Approximately 5,695 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 5,720 shares. The stock had previously closed at $0.20.

Analyst Ratings Changes

Separately, Maxim Group raised Energizer Resources to a “strong-buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Energizer Resources has a consensus rating of “Strong Buy”.

Energizer Resources Stock Up 2.3%

The firm has a market capitalization of $50.25 million, a P/E ratio of -1.08 and a beta of 1.19. The firm’s 50-day simple moving average is $0.23 and its 200-day simple moving average is $0.25.

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.