Canstar Resources (CVE:ROX) Trading 16.7% Higher – Still a Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price traded up 16.7% on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 201,003 shares traded hands during mid-day trading, an increase of 219% from the average session volume of 63,061 shares. The stock had previously closed at C$0.06.

Canstar Resources Stock Performance

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

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.

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