South Star Battery Metals (CVE:STS) Reaches New 52-Week Low – What’s Next?

Shares of South Star Battery Metals Corp. (CVE:STS) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.39, with a volume of 187725 shares trading hands. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.91 price objective on shares of South Star Battery Metals and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

South Star Battery Metals Stock Performance

The firm has a fifty day moving average price of C$0.46 and a 200 day moving average price of C$0.52. The company has a market cap of C$26.75 million, a price-to-earnings ratio of -3.01 and a beta of 0.82.

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.