Canstar Resources (CVE:ROX) Stock Price Up 25% – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price rose 25% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 186,000 shares were traded during trading, an increase of 232% from the average daily volume of 55,984 shares. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The firm has a market cap of C$7.24 million, a PE ratio of -5.74 and a beta of 2.55. The stock’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

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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