Canstar Resources (CVE:ROX) Trading Up 16.7% – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price rose 16.7% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 201,003 shares traded hands during mid-day trading, an increase of 210% from the average daily volume of 64,874 shares. The stock had previously closed at C$0.06.

Canstar Resources Price Performance

The business has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04. The firm has a market cap of C$10.13 million, a price-to-earnings ratio of -8.04 and a beta of 2.55.

About Canstar Resources

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Canstar Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for zinc, silver, lead, copper, and gold deposits. Its flagship project is the 100% owned Golden Baie project that comprises 52 mineral exploration licenses located in the south-central Newfoundland.

Further Reading

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