South Star Mining (CVE:STS) Sets New 1-Year Low at $0.06
South Star Mining Corp (CVE:STS)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 40000 shares traded. The stock had previously closed at C$0.07.
The firm has a fifty day simple moving average of C$0.09. The stock has a market cap of $3.00 million and a price-to-earnings ratio of -0.63.
South Star Mining (CVE:STS) last announced its quarterly earnings data on Tuesday, May 28th. The company reported C($0.01) earnings per share (EPS) for the quarter.
South Star Mining Corp. focuses on the exploration and evaluation of near-term mine production projects in Brazil. It intends to acquire interest in the Santa-Cruz Graphite project that consists of 13 licenses covering an area of approximately 13,000 hectares located in Bahia State, Brazil. The company was formerly known as STEM 7 Capital Inc and changed its name to South Star Mining Corp.
Further Reading: Leveraged Buyout (LBO) Explained
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