Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Decreases By 62.4%

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 7,000 shares, a drop of 62.4% from the November 30th total of 18,600 shares. Based on an average daily trading volume, of 111,300 shares, the days-to-cover ratio is currently 0.1 days.

Surge Battery Metals Stock Performance

Shares of NILIF traded up $0.02 on Thursday, reaching $0.28. The stock had a trading volume of 31,718 shares, compared to its average volume of 107,842. The company has a 50-day simple moving average of $0.29 and a 200-day simple moving average of $0.27. The firm has a market capitalization of $45.45 million and a price-to-earnings ratio of -5.51. Surge Battery Metals has a 12-month low of $0.20 and a 12-month high of $0.62.

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.