Canstar Resources (CVE:ROX) Trading 20% Higher – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price traded up 20% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 106,000 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 60,482 shares. The stock had previously closed at C$0.05.

Canstar Resources Stock Performance

The firm’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.04. The firm has a market capitalization of C$10.13 million, a PE ratio of -8.04 and a beta of 2.55.

Canstar Resources Company Profile

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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.

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