Canstar Resources (CVE:ROX) Stock Price Down 12.5% – Time to Sell?

Canstar Resources Inc. (CVE:ROXGet Free Report) traded down 12.5% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 329,500 shares changed hands during mid-day trading, an increase of 118% from the average session volume of 151,228 shares. The stock had previously closed at C$0.04.

Canstar Resources Trading Down 12.5%

The firm has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.07. The company has a debt-to-equity ratio of -226.52, a quick ratio of 8.36 and a current ratio of 0.76. The firm has a market cap of C$6.48 million, a P/E ratio of -1.75 and a beta of 3.22.

Canstar Resources Company Profile

(Get Free Report)

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.

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