South Star Battery Metals (CVE:STS) Stock Price Down 1.6%

South Star Battery Metals Corp. (CVE:STS)’s share price traded down 1.6% during mid-day trading on Tuesday . The company traded as low as C$0.60 and last traded at C$0.60. 52,500 shares were traded during trading, an increase of 117% from the average session volume of 24,168 shares. The stock had previously closed at C$0.61.

Analyst Ratings Changes

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

South Star Battery Metals Stock Performance

The firm has a market capitalization of C$31.58 million, a PE ratio of -3.00 and a beta of 0.84. The business has a 50-day simple moving average of C$0.59 and a 200-day simple moving average of C$0.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.49 and a quick ratio of 1.22.

About South Star Battery Metals

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.