South Star Battery Metals (CVE:STS) Sets New 52-Week Low – Should You Sell?

Shares of South Star Battery Metals Corp. (CVE:STS) hit a new 52-week low during trading on Monday . The company traded as low as C$0.50 and last traded at C$0.50, with a volume of 15228 shares trading hands. The stock had previously closed at C$0.55.

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 Stock Performance

The company has a 50-day moving average price of C$0.58 and a two-hundred day moving average price of C$0.60. 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 capitalization of C$25.27 million, a P/E ratio of -2.60 and a beta of 0.82.

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.