Blue Star Gold (CVE:BAU) Trading 11.1% Higher – Here’s Why

Blue Star Gold Corp. (CVE:BAU)’s share price was up 11.1% on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 140,000 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 75,697 shares. The stock had previously closed at C$0.23.

Blue Star Gold Trading Up 4.0%

The company has a market cap of C$39.32 million, a P/E ratio of -8.67 and a beta of -0.01. The business has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.20. The company has a debt-to-equity ratio of 6.06, a quick ratio of 0.44 and a current ratio of 1.24.

Blue Star Gold Company Profile

Blue Star Gold Corp. engages in the acquiring, exploring, and evaluating mineral properties in Canada. Its flagship asset is the Ulu Gold Project that comprise the Ulu Mining Lease and the contiguous Hood River Property that covers an area of approximately 12,000 hectares located in the Kitikmeot Region of western Nunavut, Canada. The company was formerly known as WPC Resources Inc and changed its name to Blue Star Gold Corp. in January 2019. Blue Star Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.