South Star Battery Metals (CVE:STS) Reaches New 12-Month Low – Should You Sell?

Shares of South Star Battery Metals Corp. (CVE:STS) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.47 and last traded at C$0.52, with a volume of 14510 shares changing hands. The stock had previously closed at C$0.51.

Wall Street Analysts Forecast Growth

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

South Star Battery Metals Stock Up 2.0 %

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 business has a fifty day moving average of C$0.54 and a two-hundred day moving average of C$0.57. The company has a market cap of C$26.85 million, a price-to-earnings ratio of -2.55 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.