Canstar Resources (CVE:ROX) Trading Up 17.6% – What’s Next?

Canstar Resources Inc. (CVE:ROXGet Free Report) shares were up 17.6% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 103,500 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 76,455 shares. The stock had previously closed at C$0.09.

Canstar Resources Trading Up 11.8%

The firm has a market capitalization of C$17.60 million, a price-to-earnings ratio of -4.75 and a beta of 3.70. The firm’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.07.

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. The company is headquartered in Toronto, Canada.

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