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

Canstar Resources Inc. (CVE:ROXGet Free Report) was up 16.7% during trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 201,003 shares changed hands during 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 Trading Up 16.7 %

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

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.

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