East Star Resources (LON:EST) Sets New 12-Month High – Here’s Why

East Star Resources Plc (LON:EST) reached a new 52-week high during trading on Monday. The stock traded as high as GBX 14.50 and last traded at GBX 13.60, with a volume of 20,434,846 shares. The stock had previously closed at GBX 13.40.

East Star Resources Stock Performance

The firm’s 50-day moving average price is GBX 9.19 and its two-hundred day moving average price is GBX 5.21. The stock has a market cap of £69.30 million, a price-to-earnings ratio of -32.31 and a beta of -0.90.

East Star Resources (LON:EST) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX (0.04) earnings per share (EPS) for the quarter.

About East Star Resources

East Star Resources is focused on the discovery and development of copper and gold in Kazakhstan. The Company is pursuing multiple exploration strategies including: · A joint venture with Hong Kong Xinhai Mining Services Limited to take the Verkhuba Deposit (20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead) into production (at no further cost to East Star) with East Star retaining 30% ownership in production · A second VMS Exploration Target with up to 23Mt @ 2.4% copper equivalent in the same region, with numerous other targets being advanced to drill-ready status · A $25 million+ strategic gold exploration joint venture with Endeavour Mining · Tier 1 potential copper porphyry targets and epithermal gold targets in a proven copper porphyry and epithermal belt