South Star Battery Metals (CVE:STS) Sets New 52-Week Low – Here’s Why

South Star Battery Metals Corp. (CVE:STS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.41 and last traded at C$0.41, with a volume of 40350 shares trading hands. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.91 target price on South Star Battery Metals and gave the company a “buy” rating in a report on Tuesday, January 14th.

South Star Battery Metals Price Performance

The firm’s fifty day moving average price is C$0.53 and its 200-day moving average price is C$0.57. The company has a quick ratio of 1.22, a current ratio of 1.35 and a debt-to-equity ratio of 0.03. The stock has a market cap of C$22.11 million, a P/E ratio of -2.10 and a beta of 0.82.

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.