Energizer Resources (OTCMKTS:NSRCF) Stock Price Up 4% – Still a Buy?

Energizer Resources Inc. (OTCMKTS:NSRCF)’s stock price rose 4% during trading on Wednesday . The stock traded as high as $0.2138 and last traded at $0.2138. 2,653 shares changed hands during trading, a decline of 73% from the average daily volume of 9,706 shares. The stock had previously closed at $0.2055.

Analysts Set New Price Targets

Separately, Maxim Group raised shares of Energizer Resources to a “strong-buy” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Energizer Resources currently has an average rating of “Strong Buy”.

Energizer Resources Trading Up 4.0%

The company has a market cap of $39.68 million, a P/E ratio of -1.13 and a beta of 1.17. The stock’s 50 day moving average is $0.25 and its 200-day moving average is $0.26.

Energizer Resources (OTCMKTS:NSRCF) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $0.14 million during the quarter, compared to analyst estimates of $0.29 million. Energizer Resources had a negative net margin of 3,149.65% and a negative return on equity of 89.77%.

About Energizer Resources

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.