South Star Battery Metals (CVE:STS) Stock Price Up 2.1% – Here’s Why

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

Wall Street Analyst Weigh In

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

South Star Battery Metals Price Performance

The stock’s 50 day moving average is C$0.47 and its two-hundred day moving average is C$0.54. The firm has a market capitalization of C$31.97 million, a P/E ratio of -3.60 and a beta of 0.82.

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.