Canstar Resources (CVE:ROX) Trading Up 25% – Time to Buy?

by · The Markets Daily

Shares of Canstar Resources Inc. (CVE:ROX – Get Free Report) were up 25% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 275,450 shares traded hands during trading, an increase of 385% from the average daily volume of 56,750 shares. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The company has a market capitalization of C$7.24 million, a P/E ratio of -5.74 and a beta of 2.55.

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.

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