Canstar Resources (CVE:ROX) Trading 30% Higher – Still a Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s stock price traded up 30% during mid-day trading on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. 274,000 shares traded hands during trading, an increase of 78% from the average session volume of 153,892 shares. The stock had previously closed at C$0.05.

Canstar Resources Stock Performance

The company has a market cap of C$12.08 million, a P/E ratio of -6.50 and a beta of 3.37. The business has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.07. The company has a debt-to-equity ratio of 218.89, a quick ratio of 8.36 and a current ratio of 1.31.

About Canstar Resources

(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. The company is headquartered in Toronto, Canada.

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