South Star Battery Metals (CVE:STS) Stock Price Up 21.7% – Should You Buy?

South Star Battery Metals Corp. (CVE:STS)’s stock price rose 21.7% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 715,799 shares traded hands during trading, an increase of 656% from the average daily volume of 94,639 shares. The stock had previously closed at C$0.12.

South Star Battery Metals Trading Up 21.7%

The stock’s fifty day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.16. The firm has a market cap of C$15.18 million, a PE ratio of -2.80 and a beta of -1.67. The company has a quick ratio of 1.22, a current ratio of 0.28 and a debt-to-equity ratio of 11.05.

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. The company was formerly known as South Star Mining Corp. and changed its name to South Star Battery Metals Corp.