East Star Resources (LON:EST) Shares Down 11.1% – Here’s What Happened

Shares of East Star Resources Plc (LON:ESTGet Free Report) were down 11.1% during trading on Tuesday . The company traded as low as GBX 1.10 ($0.01) and last traded at GBX 1.20 ($0.02). Approximately 9,344,579 shares traded hands during trading, an increase of 323% from the average daily volume of 2,207,517 shares. The stock had previously closed at GBX 1.35 ($0.02).

East Star Resources Price Performance

The business’s 50 day simple moving average is GBX 1.25 and its 200 day simple moving average is GBX 1.49. The company has a market capitalization of £4.77 million, a PE ratio of -2.09 and a beta of -0.90.

About East Star Resources

(Get Free Report)

East Star Resources is focused on the discovery and development of strategic minerals required for the energy revolution.

With eight licences covering >1,000 km² in three mineral rich districts of Kazakhstan, East Star is undertaking an intensive exploration programme, applying modern geophysics to discover minerals in levels that were not previously explored.

Further Reading

Receive News & Ratings for East Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.