Canstar Resources (CVE:ROX) Trading Up 25% – Here’s Why

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price was up 25% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 275,450 shares changed hands during mid-day 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 Stock Performance

The company has a market cap of C$7.24 million, a PE ratio of -5.74 and a beta of 2.55. The business’s 50-day moving average is C$0.04 and its 200 day moving average 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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