Canstar Resources (CVE:ROX) Trading Up 17.6% – Still a Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price was up 17.6% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 103,500 shares changed hands during trading, an increase of 35% from the average daily volume of 76,455 shares. The stock had previously closed at C$0.09.

Canstar Resources Stock Up 11.8%

The firm has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.07. The firm has a market capitalization of C$17.60 million, a P/E ratio of -4.75 and a beta of 3.70.

Canstar Resources Company Profile

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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. The company is headquartered in Toronto, Canada.

Further Reading

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