South Star Battery Metals (CVE:STS) Trading 2.1% Higher – Still a Buy?

South Star Battery Metals Corp. (CVE:STS) shares rose 2.1% during mid-day trading on Wednesday . The stock traded as high as C$0.49 and last traded at C$0.49. Approximately 1,900 shares traded hands during trading, a decline of 93% from the average daily volume of 29,030 shares. The stock had previously closed at C$0.48.

Analysts Set New Price Targets

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

South Star Battery Metals Stock Up 2.1 %

The company has a market capitalization of C$31.97 million, a price-to-earnings ratio of -3.60 and a beta of 0.82. The business has a fifty day simple moving average of C$0.47 and a two-hundred day simple moving average of C$0.54.

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.