Canstar Resources (CVE:ROX) Stock Price Up 22.2% – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price rose 22.2% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 103,000 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 58,757 shares. The stock had previously closed at C$0.05.

Canstar Resources Price Performance

The stock has a market capitalization of C$7.24 million, a P/E ratio of -5.74 and a beta of 2.55. The firm has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of 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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