Surge Battery Metals Inc. (OTCMKTS:NILIF) Short Interest Update

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 52,908 shares, a drop of 69.7% from the July 15th total of 174,446 shares. Based on an average daily volume of 171,527 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Surge Battery Metals Stock Performance

Shares of NILIF stock traded down $0.01 during trading hours on Friday, reaching $0.62. The company had a trading volume of 70,834 shares, compared to its average volume of 103,449. The stock has a fifty day moving average of $0.50 and a 200-day moving average of $0.48. The company has a market capitalization of $156.86 million, a price-to-earnings ratio of -15.47 and a beta of 1.48. Surge Battery Metals has a 12-month low of $0.16 and a 12-month high of $0.76.

Surge Battery Metals (OTCMKTS:NILIF) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). On average, analysts forecast that Surge Battery Metals will post -0.02 EPS for the current year.

About Surge Battery Metals

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada. The company was formerly known as Copper Creek Gold Corp. and changed its name to Surge Exploration Inc in April 2018. Surge Battery Metals Inc was incorporated in 1987 and is based in Vancouver, Canada.