Energizer Resources (OTCMKTS:NSRCF) Trading 2.2% Higher – Here’s What Happened

Energizer Resources Inc. (OTCMKTS:NSRCF)’s stock price shot up 2.2% during mid-day trading on Thursday . The company traded as high as $0.2094 and last traded at $0.2094. Approximately 4,500 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 13,199 shares. The stock had previously closed at $0.2048.

Energizer Resources Stock Performance

The firm has a market capitalization of $51.19 million, a PE ratio of -1.10 and a beta of 1.20. The company has a fifty day moving average price of $0.21 and a 200-day moving average price of $0.23.

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.