Maxim Group Upgrades Energizer Resources (OTCMKTS:NSRCF) to Strong-Buy

Energizer Resources (OTCMKTS:NSRCF) was upgraded by analysts at Maxim Group to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Energizer Resources Trading Down 4.1%

Shares of NSRCF stock opened at $0.22 on Tuesday. The company’s fifty day simple moving average is $0.22 and its 200-day simple moving average is $0.29. Energizer Resources has a 52 week low of $0.12 and a 52 week high of $0.45. The company has a market cap of $39.97 million, a PE ratio of -1.27 and a beta of 0.93.

Energizer Resources (OTCMKTS:NSRCF) last issued its earnings results on Tuesday, February 17th. The company reported ($0.05) EPS for the quarter. Energizer Resources had a negative net margin of 2,712.16% and a negative return on equity of 80.51%. The business had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $2.39 million.

About Energizer Resources

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.