Canstar Resources (CVE:ROX) Trading Down 13.3% – Should You Sell?

Canstar Resources Inc. (CVE:ROX)’s stock price dropped 13.3% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.07. Approximately 1,093,000 shares changed hands during trading, an increase of 663% from the average daily volume of 143,283 shares. The stock had previously closed at C$0.08.

Canstar Resources Price Performance

The company has a debt-to-equity ratio of -69.00, a quick ratio of 8.36 and a current ratio of 0.58. The stock has a market capitalization of C$12.04 million, a P/E ratio of -3.25 and a beta of 3.70. The firm has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.07.

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. The company is headquartered in Toronto, Canada.