Surge Battery Metals Inc. (OTCMKTS:NILIF) Short Interest Up 436.7% in February

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 84,800 shares, an increase of 436.7% from the February 13th total of 15,800 shares. Based on an average daily trading volume, of 114,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Surge Battery Metals Price Performance

OTCMKTS NILIF traded up $0.00 on Wednesday, reaching $0.25. The company had a trading volume of 53,288 shares, compared to its average volume of 75,117. The firm has a market cap of $41.07 million and a price-to-earnings ratio of -4.98. The business has a 50 day moving average of $0.26 and a two-hundred day moving average of $0.27. Surge Battery Metals has a fifty-two week low of $0.20 and a fifty-two week high of $0.40.

About Surge Battery Metals

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.