Canstar Resources (CVE:ROX) Trading Down 16.7% – What’s Next?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price dropped 16.7% on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 340,640 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 153,899 shares. The stock had previously closed at C$0.06.

Canstar Resources Price Performance

The company has a quick ratio of 8.36, a current ratio of 1.31 and a debt-to-equity ratio of 218.89. The stock’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.07. The firm has a market cap of C$9.29 million, a price-to-earnings ratio of -5.00 and a beta of 3.37.

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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