Energizer Resources (OTCMKTS:NSRCF) Trading 2.2% Higher – Should You Buy?

Shares of Energizer Resources Inc. (OTCMKTS:NSRCF) shot up 2.2% on Thursday . The stock traded as high as $0.2094 and last traded at $0.2094. 4,500 shares were traded 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 $47.48 million, a price-to-earnings ratio of -1.02 and a beta of 1.20. The stock’s fifty day moving average is $0.21 and its two-hundred day moving average is $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.