Shares of Canstar Resources Inc. (CVE:ROX – Get Free Report) shot up 25% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. 275,450 shares traded hands during mid-day trading, an increase of 367% from the average session volume of 58,965 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 price-to-earnings ratio of -5.74 and a beta of 2.55. The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04.
About Canstar Resources
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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