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South Star Battery Metals dropped 16.7% amid unexplained trading surge and market uncertainty.
South Star Battery Metals (CVE:STS) plunged 16.7% to C$0.15 on Friday, with trading volume soaring to 1.07 million shares—over 2,000% above average—amid uncertainty over the cause.
The company, focused on graphite projects in Brazil and Alabama, has a market cap of C$9.29 million, a negative P/E ratio, and a beta of -1.07, reflecting high volatility.
Analysts have expressed caution, but no clear reason for the drop was provided.
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South Star Battery Metals cayó un 16,7% en medio de un aumento comercial inexplicable y la incertidumbre del mercado.