Canstar Resources (CVE:ROX) Stock Price Up 16.7% – Still a Buy?

Shares of Canstar Resources Inc. (CVE:ROXGet Free Report) were up 16.7% during trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 201,003 shares changed hands during mid-day trading, an increase of 210% from the average daily volume of 64,874 shares. The stock had previously closed at C$0.06.

Canstar Resources Stock Performance

The business’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04. The company has a market capitalization of C$10.13 million, a price-to-earnings ratio of -8.04 and a beta of 2.55.

Canstar Resources Company Profile

(Get Free Report)

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.

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