Surge Battery Metals Inc. (OTCMKTS:NILIF – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 56,956 shares, an increase of 78.7% from the September 30th total of 31,868 shares. Based on an average daily volume of 240,488 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.
Surge Battery Metals Trading Down 1.2%
Shares of OTCMKTS:NILIF opened at $0.43 on Tuesday. The company has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.51. The firm has a market cap of $140.97 million, a PE ratio of -10.71 and a beta of 1.76. Surge Battery Metals has a 12-month low of $0.27 and a 12-month high of $0.80.
Surge Battery Metals (OTCMKTS:NILIF – Get Free Report) last posted its quarterly earnings results on Friday, August 28th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). As a group, equities research analysts forecast that Surge Battery Metals will post -0.03 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Zacks Research cut Surge Battery Metals from a “hold” rating to a “strong sell” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on NILIF
About Surge Battery Metals
Surge Battery Metals Inc is a Canadian mineral exploration and development company focused on advancing battery-metal projects in North America. The company’s principal asset is the Nevada North Lithium Project, a lithium claystone project located in Elko County, Nevada.
Surge is evaluating the project as a potential source of lithium for use in rechargeable batteries and electric vehicles. Its activities include mineral exploration, drilling, resource evaluation, metallurgical testing and technical studies intended to assess the project’s development potential.
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