Canstar Resources (CVE:ROX) Trading 16.7% Higher – Should You Buy?

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

Canstar Resources Stock Performance

The stock has a market capitalization of C$10.13 million, a PE ratio of -8.04 and a beta of 2.55. The business has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.04.

Canstar Resources Company Profile

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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.

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