Starr Peak Mining (CVE:STE) Trading 6.7% Higher – Still a Buy?

Starr Peak Mining Ltd. (CVE:STE) shares shot up 6.7% during mid-day trading on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.32. 12,200 shares changed hands during trading, a decline of 75% from the average session volume of 49,334 shares. The stock had previously closed at C$0.30.

Starr Peak Mining Stock Performance

The firm has a market capitalization of C$18.46 million, a price-to-earnings ratio of -16.00 and a beta of 1.10. The business’s 50 day moving average is C$0.34 and its 200-day moving average is C$0.37.

Insider Activity

In other Starr Peak Mining news, Director Johnathan More bought 227,500 shares of the stock in a transaction on Friday, October 31st. The stock was purchased at an average price of C$0.35 per share, with a total value of C$79,625.00. Following the acquisition, the director owned 277,500 shares of the company’s stock, valued at approximately C$97,125. The trade was a 455.00% increase in their ownership of the stock. Insiders own 0.81% of the company’s stock.

About Starr Peak Mining

Starr Peak Mining Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Canada. The company explores for gold. It holds a 100% interest in NewMetal Property located in the Abitibi Greenstone Belt of Quebec; the Rousseau Gold Property located in Canada; and the Turgeon Lake Gold Property located in the east of the Rousseau Gold Property.