South Star Battery Metals (CVE:STS) Trading 53.6% Higher – Still a Buy?

Shares of South Star Battery Metals Corp. (CVE:STSGet Free Report) shot up 53.6% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. 465,900 shares were traded during mid-day trading, an increase of 1,099% from the average session volume of 38,853 shares. The stock had previously closed at C$0.14.

South Star Battery Metals Price Performance

The stock has a market capitalization of C$13.32 million, a P/E ratio of -2.69 and a beta of -0.93. The business’s 50 day simple moving average is C$0.19 and its 200-day simple moving average is C$0.30.

South Star Battery Metals Company Profile

(Get Free Report)

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.

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