South Star Battery Metals (CVE:STS) Shares Down 23.8% – Should You Sell?

South Star Battery Metals Corp. (CVE:STSGet Free Report)’s share price fell 23.8% on Thursday . The stock traded as low as C$0.29 and last traded at C$0.31. 204,925 shares were traded during mid-day trading, an increase of 484% from the average session volume of 35,060 shares. The stock had previously closed at C$0.40.

South Star Battery Metals Stock Down 5.0%

The business has a 50-day simple moving average of C$0.40 and a 200-day simple moving average of C$0.47. The company has a market cap of C$18.59 million, a PE ratio of -2.09 and a beta of 0.82.

About South Star Battery Metals

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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.

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