Canstar Resources (CVE:ROX) Shares Up 37.5% – Here’s Why

Canstar Resources Inc. (CVE:ROXGet Free Report) shares shot up 37.5% during mid-day trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. 133,000 shares were traded during trading, an increase of 145% from the average session volume of 54,217 shares. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The firm has a market capitalization of C$7.24 million, a PE ratio of -5.74 and a beta of 2.55. The company’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.

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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