Canstar Resources (CVE:ROX) Trading 22.2% Higher – Here’s Why

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

Canstar Resources Trading Up 22.2%

The stock has a market capitalization of C$7.96 million, a P/E ratio of -6.32 and a beta of 2.55. The stock’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04.

Canstar Resources Company Profile

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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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