Insider Buying: Canstar Resources (CVE:ROX) Director Buys C$30,000.00 in Stock

Canstar Resources Inc. (CVE:ROX) Director John Paul Austin acquired 500,000 shares of the business’s stock in a transaction on Monday, September 21st. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$30,000.00. Following the transaction, the director directly owned 8,326,000 shares in the company, valued at C$499,560. The trade was a 6.39% increase in their ownership of the stock.

John Paul Austin also recently made the following trade(s):

• On Tuesday, September 15th, John Paul Austin bought 500,000 shares of Canstar Resources stock. The stock was acquired at an average price of C$0.06 per share, for a total transaction of C$30,000.00.

Canstar Resources Stock Down 9.1%

CVE:ROX opened at C$0.05 on Friday. Canstar Resources Inc. has a twelve month low of C$0.04 and a twelve month high of C$0.14. The company has a market cap of C$9.29 million, a price-to-earnings ratio of -5.00 and a beta of 3.26. The stock has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. The company has a current ratio of 1.31, a quick ratio of 8.36 and a debt-to-equity ratio of 218.89.

About Canstar Resources

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.