Canstar Resources (CVE:ROX) Trading 21.4% Higher – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price was up 21.4% during mid-day trading on Friday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 199,987 shares changed hands during trading, an increase of 152% from the average daily volume of 79,207 shares. The stock had previously closed at C$0.07.

Canstar Resources Stock Up 21.4%

The company has a market cap of C$15.75 million, a price-to-earnings ratio of -4.25 and a beta of 3.70. The business has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.07.

Canstar Resources Company Profile

(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. The company is headquartered in Toronto, Canada.

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