Canstar Resources (CVE:ROX) Stock Price Up 20% – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report) shares rose 20% during mid-day trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 106,000 shares changed hands 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 Stock Performance

The company has a market cap of C$10.13 million, a P/E ratio of -8.04 and a beta of 2.55. The firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

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.

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