South Star Battery Metals (CVE:STS) Sets New 1-Year Low – Here’s Why

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 traded. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.91 target price on South Star Battery Metals and gave the company a “buy” rating in a research report on Tuesday, January 14th.

South Star Battery Metals Price Performance

The company has a market cap of C$26.75 million, a P/E ratio of -3.01 and a beta of 0.82. The stock’s 50-day moving average price is C$0.46 and its 200-day moving average price is C$0.52.

South Star Battery Metals Company Profile

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.