Canstar Resources (CVE:ROX) Trading Up 20% – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price was up 20% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 106,000 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 60,482 shares. The stock had previously closed at C$0.05.

Canstar Resources Stock Performance

The stock has a market capitalization of C$8.68 million, a price-to-earnings ratio of -6.89 and a beta of 2.55. The business has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04.

About Canstar Resources

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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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