East Star Resources (LON:EST) Trading Up 15.7% – Should You Buy?

East Star Resources Plc (LON:ESTGet Free Report)’s stock price was up 15.7% on Friday . The stock traded as high as GBX 1.39 ($0.02) and last traded at GBX 1.39 ($0.02). Approximately 3,223,992 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 1,455,356 shares. The stock had previously closed at GBX 1.20 ($0.01).

East Star Resources Stock Performance

The stock has a market capitalization of £3.52 million, a price-to-earnings ratio of -140.00 and a beta of -0.90. The business’s 50 day simple moving average is GBX 1.20 and its 200-day simple moving average is GBX 1.65.

About East Star Resources

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East Star Resources is focused on the discovery and development of strategic minerals required for the energy revolution.

With eight licences covering >1,000 km² in three mineral rich districts of Kazakhstan, East Star is undertaking an intensive exploration programme, applying modern geophysics to discover minerals in levels that were not previously explored.

Further Reading

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