South Star Battery Metals (CVE:STS) Trading Down 3.3% – Should You Sell?

South Star Battery Metals Corp. (CVE:STS) shares fell 3.3% during trading on Wednesday . The company traded as low as C$0.58 and last traded at C$0.58. 2,000 shares traded hands during trading, a decline of 92% from the average session volume of 23,772 shares. The stock had previously closed at C$0.60.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.47 price target on South Star Battery Metals and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

South Star Battery Metals Stock Performance

The stock has a fifty day simple moving average of C$0.62 and a 200-day simple moving average of C$0.60. The stock has a market cap of C$31.06 million, a P/E ratio of -2.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.35.

South Star Battery Metals (CVE:STS) last posted its quarterly earnings data on Thursday, August 29th. The company reported C($0.04) earnings per share (EPS) for the quarter.

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.