Canstar Resources (CVE:ROX) Sets New 12-Month Low – What’s Next?

Canstar Resources Inc. (CVE:ROX) reached a new 52-week low on Friday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 10,040 shares changing hands. The stock had previously closed at C$0.04.

Canstar Resources Stock Performance

The company has a market cap of C$7.03 million, a price-to-earnings ratio of -3.50 and a beta of 2.26. The company has a debt-to-equity ratio of -145.54, a quick ratio of 8.36 and a current ratio of 0.49. The firm’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06.

Insider Activity at Canstar Resources

In related news, Director John Paul Austin acquired 500,000 shares of Canstar Resources stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of C$0.06 per share, for a total transaction of C$30,000.00. Following the completion of the transaction, the director owned 8,326,000 shares in the company, valued at C$499,560. This represents a 6.39% increase in their position. Corporate insiders own 28.71% of the company’s stock.

Canstar Resources Company Profile

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.