Blue Star Gold (CVE:BAU) Shares Up 23.1% – Here’s Why

Blue Star Gold Corp. (CVE:BAU)’s share price rose 23.1% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,040,352 shares changed hands during mid-day trading, an increase of 399% from the average daily volume of 208,682 shares. The stock had previously closed at C$0.07.

Blue Star Gold Price Performance

The company has a quick ratio of 0.44, a current ratio of 1.24 and a debt-to-equity ratio of 6.06. The company has a market capitalization of C$8.29 million, a P/E ratio of -2.67 and a beta of -0.51. The business’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.06.

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.