South Star Battery Metals (CVE:STS) Sets New 52-Week Low – Should You Sell?

South Star Battery Metals Corp. (CVE:STS) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.50 and last traded at C$0.50, with a volume of 15228 shares. The stock had previously closed at C$0.55.

Wall Street Analysts Forecast Growth

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

South Star Battery Metals Stock Down 7.7 %

The stock has a market cap of C$25.27 million, a price-to-earnings ratio of -2.60 and a beta of 0.82. The firm’s fifty day moving average price is C$0.58 and its two-hundred day moving average price is C$0.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.35 and a quick ratio of 1.22.

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.