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.

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