Blue Star Gold (CVE:BAU) Shares Up 23.1% – Time to Buy?

Blue Star Gold Corp. (CVE:BAU) shares shot up 23.1% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,040,352 shares were traded during mid-day trading, an increase of 399% from the average session volume of 208,682 shares. The stock had previously closed at C$0.07.

Blue Star Gold Stock Down 6.3 %

The company’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.24 and a quick ratio of 0.44. The firm has a market capitalization of C$8.30 million, a PE ratio of -4.39 and a beta of -0.51.

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.