East Star Resources (LON:EST) Trading 16.5% Higher – Still a Buy?

East Star Resources Plc (LON:ESTGet Free Report) shares rose 16.5% during mid-day trading on Thursday . The company traded as high as GBX 1.34 ($0.02) and last traded at GBX 1.34 ($0.02). Approximately 2,603,016 shares changed hands during trading, an increase of 273% from the average daily volume of 698,516 shares. The stock had previously closed at GBX 1.15 ($0.01).

East Star Resources Stock Performance

The firm’s 50 day simple moving average is GBX 1.18 and its 200 day simple moving average is GBX 1.78. The firm has a market capitalization of £3.37 million, a price-to-earnings ratio of -134.00 and a beta of -0.90.

About East Star Resources

(Get Free Report)

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.

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