Canstar Resources (CVE:ROX) Shares Up 107.7% – Time to Buy?

by · The Markets Daily

Shares of Canstar Resources Inc. (CVE:ROX – Get Free Report) traded up 107.7% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. 1,277,518 shares were traded during mid-day trading, an increase of 1,389% from the average session volume of 85,795 shares. The stock had previously closed at C$0.07.

Canstar Resources Stock Performance

The firm has a market capitalization of C$14.22 million, a price-to-earnings ratio of -4.25 and a beta of 2.35. The firm’s 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07.

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. The company is headquartered in Toronto, Canada.

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