Canstar Resources (CVE:ROX) Trading 22.2% Higher – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report) shares were up 22.2% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 103,000 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 58,757 shares. The stock had previously closed at C$0.05.

Canstar Resources Stock Performance

The stock’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.04. The firm has a market cap 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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