Canstar Resources (CVE:ROX) Trading 20% Higher – Still a Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price traded up 20% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 106,000 shares were traded 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 Trading Up 16.7 %

The stock has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$10.13 million, a P/E ratio of -8.04 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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