John Paul Austin Acquires 500,000 Shares of Canstar Resources (CVE:ROX) Stock

Canstar Resources Inc. (CVE:ROX) Director John Paul Austin bought 500,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of C$0.06 per share, for a total transaction of C$30,000.00. Following the completion of the acquisition, the director directly owned 7,826,000 shares of the company’s stock, valued at approximately C$469,560. This trade represents a 6.83% increase in their position.

Canstar Resources Stock Performance

CVE ROX opened at C$0.06 on Friday. Canstar Resources Inc. has a 1 year low of C$0.04 and a 1 year high of C$0.14. The firm’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The company has a current ratio of 1.31, a quick ratio of 8.36 and a debt-to-equity ratio of 218.89. The firm has a market capitalization of C$10.22 million, a price-to-earnings ratio of -5.50 and a beta of 3.26.

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.