Canstar Resources (CVE:ROX) Reaches New 52-Week Low – What’s Next?

Canstar Resources Inc. (CVE:ROXGet Free Report) shares hit a new 52-week low on Friday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 181000 shares. The stock had previously closed at C$0.05.

Canstar Resources Price Performance

The company has a market capitalization of C$9.26 million, a P/E ratio of -2.50 and a beta of 3.22. The firm’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07. The company has a current ratio of 0.76, a quick ratio of 8.36 and a debt-to-equity ratio of -226.52.

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. The company is headquartered in Toronto, Canada.

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