Canstar Resources (CVE:ROX) Stock Price Up 25% – Here’s What Happened

by · The Cerbat Gem

Canstar Resources Inc. (CVE:ROX – Get Free Report)’s stock price shot up 25% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.05. 275,450 shares changed hands during mid-day trading, an increase of 367% from the average session volume of 58,965 shares. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The firm has a market capitalization of C$10.13 million, a price-to-earnings ratio of -8.04 and a beta of 2.55.

About Canstar Resources

(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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