Canstar Resources (CVE:ROX) Shares Up 16.7% – Here’s Why

by · The Cerbat Gem

Canstar Resources Inc. (CVE:ROX – Get Free Report)’s share price rose 16.7% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 201,003 shares traded hands during trading, an increase of 210% from the average daily volume of 64,874 shares. The stock had previously closed at C$0.06.

Canstar Resources Price Performance

The company has a market capitalization of C$10.13 million, a P/E ratio of -8.04 and a beta of 2.55. The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.

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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