Canstar Resources (CVE:ROX) Shares Up 25% – Should You Buy?

by · The Cerbat Gem

Canstar Resources Inc. (CVE:ROX – Get Free Report)’s share price rose 25% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 186,000 shares traded hands during mid-day trading, an increase of 243% from the average daily volume of 54,217 shares. The stock had previously closed at C$0.04.

Canstar Resources Stock Performance

The business’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.04. The stock has a market cap 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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