Insider Buying: Canstar Resources (CVE:ROX) Director Buys C$30,000.00 in Stock
by Mitch Edgeman · The Markets DailyCanstar Resources Inc. (CVE:ROX – Get Free Report) Director John Paul Austin acquired 500,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$30,000.00. Following the transaction, the director directly owned 7,826,000 shares in the company, valued at C$469,560. The trade was a 6.83% increase in their ownership of the stock.
Canstar Resources Stock Performance
ROX stock remained flat at C$0.06 during midday trading on Thursday. The company’s stock had a trading volume of 83,000 shares, compared to its average volume of 148,115. Canstar Resources Inc. has a twelve month low of C$0.04 and a twelve month high of C$0.14. The stock has a market cap of C$10.22 million, a price-to-earnings ratio of -5.50 and a beta of 3.26. The company’s 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The company has a quick ratio of 8.36, a current ratio of 1.31 and a debt-to-equity ratio of 218.89.
About Canstar Resources
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. The company is headquartered in Toronto, Canada.