Canstar Resources (CVE:ROX) Stock Price Up 25% – Time to Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price shot up 25% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.05. 275,450 shares changed hands during mid-day trading, an increase of 367% from the average session volume of 58,965 shares. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The stock has a market cap of C$10.13 million, a P/E ratio of -8.04 and a beta of 2.55. The firm’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04.

Canstar Resources Company Profile

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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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