Surge Battery Metals Inc. (OTCMKTS:NILIF) Sees Large Growth in Short Interest

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 114,000 shares, an increase of 62.2% from the September 15th total of 70,300 shares. Based on an average daily volume of 516,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 516,900 shares, the short-interest ratio is currently 0.2 days.

Surge Battery Metals Price Performance

OTCMKTS:NILIF opened at $0.39 on Friday. Surge Battery Metals has a one year low of $0.10 and a one year high of $0.42. The company has a market cap of $67.91 million, a P/E ratio of -9.68 and a beta of 0.62. The firm’s fifty day moving average price is $0.23 and its two-hundred day moving average price is $0.21.

Surge Battery Metals (OTCMKTS:NILIF) last released its quarterly earnings results on Thursday, August 21st. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). As a group, equities research analysts expect that Surge Battery Metals will post -0.03 earnings per share for the current year.

Surge Battery Metals Company Profile

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.