South Star Battery Metals (CVE:STS) Trading Down 11.1% – What’s Next?

South Star Battery Metals Corp. (CVE:STS) dropped 11.1% during trading on Thursday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 176,910 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 78,940 shares. The stock had previously closed at C$0.18.

South Star Battery Metals Trading Down 8.1%

The company has a market capitalization of C$18.43 million, a price-to-earnings ratio of -8.50 and a beta of -1.76. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.22 and a current ratio of 0.75. The firm has a fifty day moving average price of C$0.14 and a 200-day moving average price of C$0.15.

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. The company was formerly known as South Star Mining Corp. and changed its name to South Star Battery Metals Corp.