South Star Battery Metals (CVE:STS) Shares Down 3.3% – Here’s What Happened

South Star Battery Metals Corp. (CVE:STS)’s share price fell 3.3% during trading on Wednesday . The company traded as low as C$0.58 and last traded at C$0.58. 2,000 shares were traded during trading, a decline of 92% from the average session volume of 23,772 shares. The stock had previously closed at C$0.60.

Wall Street Analyst Weigh In

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

South Star Battery Metals Price Performance

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 stock has a 50 day simple moving average of C$0.62 and a 200-day simple moving average of C$0.60. The firm has a market cap of C$30.53 million, a PE ratio of -2.90 and a beta of 0.82.

South Star Battery Metals (CVE:STS) last released its earnings results 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.