South Star Battery Metals (CVE:STS) Trading Down 5.2% – Here’s What Happened

Shares of South Star Battery Metals Corp. (CVE:STS) traded down 5.2% during mid-day trading on Wednesday . The company traded as low as C$0.55 and last traded at C$0.55. 18,800 shares were traded during mid-day trading, a decline of 20% from the average session volume of 23,449 shares. The stock had previously closed at C$0.58.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.47 price target on South Star Battery Metals and gave the stock a “buy” rating in a research note on Tuesday, August 20th.

South Star Battery Metals Stock Up 1.8 %

The business’s 50 day simple moving average is C$0.60 and its 200 day simple moving average is C$0.61. The company has a current ratio of 1.35, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of C$29.48 million, a PE ratio of -2.80 and a beta of 0.82.

South Star Battery Metals (CVE:STS) last announced its quarterly earnings data on Thursday, August 29th. The company reported C($0.04) earnings per share (EPS) for the quarter.

South Star Battery Metals Company Profile

South Star Battery Metals Corp. engages in the exploration and development of mineral properties in Brazil. The company owns 100% interest in the Santa-Cruz Graphite project that consists of 13 licenses covering an area of approximately 13,316 hectares located in Bahia State, Brazil. It also owns 75% interest in the Alabama Graphite Project that cover an area of approximately 500 acres located in Coosa County Alabama, USA.