Canstar Resources (CVE:ROX) Shares Up 37.5% – Here’s Why

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price shot up 37.5% during trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. 120,000 shares changed hands during trading, an increase of 123% from the average session volume of 53,784 shares. The stock had previously closed at C$0.04.

Canstar Resources Trading Up 16.7 %

The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.04. The stock has a market capitalization of C$10.13 million, a price-to-earnings 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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