Canstar Resources (CVE:ROX) Stock Price Up 20% – Time to Buy?

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

Canstar Resources Price Performance

The stock’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a market cap of C$8.68 million, a P/E ratio of -6.89 and a beta of 2.55.

About Canstar Resources

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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.

Further Reading

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