Canstar Resources (CVE:ROX) Hits New 1-Year Low – Here’s Why

Canstar Resources Inc. (CVE:ROX)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 79,000 shares. The stock had previously closed at C$0.04.

Canstar Resources Stock Performance

The stock has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.06. The company has a quick ratio of 8.36, a current ratio of 1.31 and a debt-to-equity ratio of 218.89. The company has a market capitalization of C$7.43 million, a price-to-earnings ratio of -4.00 and a beta of 2.97.

Insider Activity at Canstar Resources

In other Canstar Resources news, Director John Paul Austin acquired 500,000 shares of Canstar Resources stock in a transaction dated Monday, September 21st. The stock was purchased at an average cost of C$0.06 per share, for a total transaction of C$30,000.00. Following the completion of the acquisition, the director directly owned 8,326,000 shares of the company’s stock, valued at C$499,560. This represents a 6.39% increase in their ownership of the stock. 28.71% of the stock is currently owned by corporate insiders.

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.