Canstar Resources (CVE:ROX) Stock Price Up 20% – Here’s Why

Shares of Canstar Resources Inc. (CVE:ROXGet Free Report) shot up 20% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 106,000 shares changed hands during 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 Price Performance

The stock’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The company has a market capitalization of C$8.68 million, a price-to-earnings ratio of -6.89 and a beta of 2.55.

Canstar Resources Company Profile

(Get Free Report)

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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