Energizer Resources (OTCMKTS:NSRCF) Issues Earnings Results

Energizer Resources (OTCMKTS:NSRCF) issued its earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04), Zacks reports. The business had revenue of $0.08 million for the quarter, compared to the consensus estimate of $0.40 million. Energizer Resources had a negative return on equity of 89.77% and a negative net margin of 3,149.65%.

Energizer Resources Trading Down 8.2%

Shares of NSRCF stock opened at $0.19 on Wednesday. The stock has a market capitalization of $46.94 million, a P/E ratio of -1.01 and a beta of 1.20. The firm’s 50 day moving average is $0.20 and its 200 day moving average is $0.22. Energizer Resources has a 12 month low of $0.17 and a 12 month high of $0.45.

Energizer Resources Company Profile

Energizer Resources Inc was a mineral exploration and development company focused on advancing mineral properties in Madagascar. Its principal asset was the Molo Graphite Project, a large flake-graphite deposit in the southern part of the country.

The company’s activities centered on exploration, resource evaluation, feasibility work and development planning for graphite production. Graphite is used in applications including lithium-ion battery anodes, refractories, lubricants and other industrial products.

Energizer Resources later changed its name to NextSource Materials Inc The company’s Molo project remained its primary development focus under the new corporate identity.