South Star Battery Metals (CVE:STS) Shares Down 8.8%

South Star Battery Metals Corp. (CVE:STS) shares fell 8.8% during trading on Friday . The company traded as low as C$0.24 and last traded at C$0.26. 257,519 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 153,432 shares. The stock had previously closed at C$0.29.

Separately, Fundamental Research dropped their price target on South Star Battery Metals from C$0.52 to C$0.44 and set a “buy” rating for the company in a research note on Wednesday, December 8th.

The company has a market capitalization of C$26.36 million and a P/E ratio of -10.19. The company has a current ratio of 6.90, a quick ratio of 6.67 and a debt-to-equity ratio of 3.80. The stock has a 50 day moving average price of C$0.27 and a 200 day moving average price of C$0.20.

South Star Battery Metals (CVE:STS) last announced its earnings results on Friday, November 26th. The company reported C($0.01) earnings per share (EPS) for the quarter.

About South Star Battery Metals (CVE:STS)

South Star Battery Metals Corp. engages in the exploration and development of mineral properties in Brazil. It is developing the Santa-Cruz Graphite project that consists of 13 licenses covering an area of approximately 13,316 hectares located in Bahia State, Brazil. The company was formerly known as South Star Mining Corp.

Read More: Options Trading – Understanding Strike Price

Receive News & Ratings for South Star Battery Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Star Battery Metals and related companies with MarketBeat.com's FREE daily email newsletter.