Canstar Resources (CVE:ROX) Shares Up 21.4% – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price was up 21.4% during mid-day trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 194,987 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 79,022 shares. The stock had previously closed at C$0.07.

Canstar Resources Stock Performance

The company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.07. The firm has a market cap of C$15.75 million, a price-to-earnings ratio of -4.25 and a beta of 3.70.

About Canstar Resources

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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.

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