South Star Battery Metals (CVE:STS) Stock Price Up 2.1% – Should You Buy?

South Star Battery Metals Corp. (CVE:STS)’s stock price rose 2.1% during mid-day trading on Wednesday . The company traded as high as C$0.49 and last traded at C$0.49. Approximately 1,900 shares changed 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.

Wall Street Analyst Weigh In

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

South Star Battery Metals Trading Down 4.1 %

The firm has a market cap of C$30.66 million, a P/E ratio of -3.45 and a beta of 0.82. The stock’s fifty day moving average is C$0.47 and its two-hundred day moving average is C$0.54.

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.