Canstar Resources (CVE:ROX) Trading 20% Higher – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price traded up 20% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 106,000 shares traded hands during trading, an increase of 75% from the average session volume of 60,482 shares. The stock had previously closed at C$0.05.

Canstar Resources Trading Up 16.7 %

The firm has a market capitalization of C$10.13 million, a price-to-earnings ratio of -8.04 and a beta of 2.55. The stock’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04.

Canstar Resources Company Profile

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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.

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