Canstar Resources (CVE:ROX) Trading 21.4% Higher – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report) shot up 21.4% during mid-day trading on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. 199,987 shares were traded during trading, an increase of 152% from the average session volume of 79,207 shares. The stock had previously closed at C$0.07.

Canstar Resources Price Performance

The stock’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.07. The company has a market capitalization of C$15.75 million, a P/E ratio of -4.25 and a beta of 3.70.

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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