Canstar Resources (CVE:ROX) Stock Price Up 107.7% – Still a Buy?

Canstar Resources Inc. (CVE:ROX) traded up 107.7% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. 1,277,518 shares changed hands during trading, an increase of 1,389% from the average session volume of 85,795 shares. The stock had previously closed at C$0.07.

Canstar Resources Trading Up 107.7%

The stock has a market capitalization of C$22.59 million, a price-to-earnings ratio of -6.75 and a beta of 2.35. The firm’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.07.

Canstar Resources Company Profile

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.