South Star Battery Metals (CVE:STS) Hits New 12-Month Low – Here’s What Happened

South Star Battery Metals Corp. (CVE:STS) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.45 and last traded at C$0.45, with a volume of 26825 shares. The stock had previously closed at C$0.49.

Wall Street Analysts Forecast Growth

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

South Star Battery Metals Trading Down 6.1 %

The firm has a fifty day moving average price of C$0.53 and a 200-day moving average price of C$0.57. The company has a market capitalization of C$24.21 million, a P/E ratio of -2.30 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.35 and a quick ratio of 1.22.

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.