Canstar Resources (CVE:ROX) Director John Paul Austin Buys 500,000 Shares

Canstar Resources Inc. (CVE:ROX) Director John Paul Austin purchased 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of C$0.06 per share, for a total transaction of C$30,000.00. Following the acquisition, the director owned 7,826,000 shares of the company’s stock, valued at C$469,560. The trade was a 6.83% increase in their ownership of the stock.

Canstar Resources Stock Performance

Shares of CVE:ROX opened at C$0.06 on Friday. The stock has a market capitalization of C$10.22 million, a P/E ratio of -5.50 and a beta of 3.26. Canstar Resources Inc. has a 1-year low of C$0.04 and a 1-year high of C$0.14. The company has a current ratio of 1.31, a quick ratio of 8.36 and a debt-to-equity ratio of 218.89. The business has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.06.

About Canstar Resources

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.