South Star Battery Metals (CVE:STS) Trading Up 19.2% – Should You Buy?

South Star Battery Metals Corp. (CVE:STSGet Free Report)’s share price rose 19.2% on Wednesday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 357,500 shares changed hands during mid-day trading, an increase of 596% from the average daily volume of 51,331 shares. The stock had previously closed at C$0.13.

South Star Battery Metals Stock Performance

The company’s fifty day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.23. The stock has a market capitalization of C$12.13 million, a P/E ratio of -1.81 and a beta of -1.07.

About South Star Battery Metals

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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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