Energizer Resources (TSX: EGZ, Forum) surged somewhat in the markets today with no material news to back up the shift. There was some recent news which indicated that the concentrate from the company’s wholly-owned Molo graphite deposit was verified for multiple markets.
According to that
release, various third parties had confirmed that the flake graphite concentrates from the company’s Molo deposit meet or exceed quality requirements for all major end-markets for natural flake graphite, specifically refractories, anode material for lithium ion batteries and specialty graphite foils.
Shares were up 25.00% to $0.10 per share.