South Star Battery Metals (CVE:STS) Stock Price Down 16.7% – Here’s What Happened

Shares of South Star Battery Metals Corp. (CVE:STSGet Free Report) fell 16.7% during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.15. 1,074,388 shares changed hands during trading, an increase of 2,081% from the average session volume of 49,254 shares. The stock had previously closed at C$0.18.

South Star Battery Metals Stock Performance

The stock’s 50-day moving average price is C$0.18 and its 200-day moving average price is C$0.25. The company has a market capitalization of C$9.29 million, a price-to-earnings ratio of -1.88 and a beta of -1.07.

South Star Battery Metals Company Profile

(Get Free Report)

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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