Canstar Resources (CVE:ROX) Shares Up 14.3% – What’s Next?

Shares of Canstar Resources Inc. (CVE:ROXGet Free Report) rose 14.3% during trading on Thursday . The stock traded as high as C$0.09 and last traded at C$0.08. Approximately 188,987 shares changed hands during mid-day trading, an increase of 143% from the average daily volume of 77,929 shares. The stock had previously closed at C$0.07.

Canstar Resources Price Performance

The firm has a market capitalization of C$15.75 million, a price-to-earnings ratio of -4.25 and a beta of 3.70. The business’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.07.

Canstar Resources Company Profile

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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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