South Star Battery Metals (CVE:STS) Stock Price Up 20% – Still a Buy?

South Star Battery Metals Corp. (CVE:STS)’s stock price traded up 20% during trading on Thursday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 438,500 shares traded hands during mid-day trading, an increase of 459% from the average daily volume of 78,433 shares. The stock had previously closed at C$0.15.

South Star Battery Metals Stock Up 20.0%

The stock has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.15. The company has a market cap of C$25.28 million, a price-to-earnings ratio of -9.00 and a beta of -1.55.

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.