East Star Resources (LON:EST) Stock Price Down 8.3% – Here’s Why

East Star Resources Plc (LON:ESTGet Free Report) fell 8.3% during mid-day trading on Wednesday . The company traded as low as GBX 1.06 ($0.01) and last traded at GBX 1.10 ($0.01). 426,716 shares were traded during trading, a decline of 80% from the average session volume of 2,096,336 shares. The stock had previously closed at GBX 1.20 ($0.02).

East Star Resources Price Performance

The stock’s 50-day moving average is GBX 1.35 and its 200 day moving average is GBX 2.41. The stock has a market cap of £3.02 million, a price-to-earnings ratio of -118.70 and a beta of -0.90.

About East Star Resources

(Get Free Report)

East Star Resources Plc focuses on the discovery and development of gold, copper, and rare earth metals in Kazakhstan. It undertakes an exploration program, including nine licenses covering 1,321.5 square kilometer in three mineral districts. The company was formerly known as East Star Resources Limited and changed its name to East Star Resources Plc in March 2021.

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