Canstar Resources (CVE:ROX) Shares Up 17.6% – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report) shares traded up 17.6% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 216,175 shares were traded during mid-day trading, an increase of 166% from the average session volume of 81,168 shares. The stock had previously closed at C$0.09.

Canstar Resources Stock Up 11.8%

The company has a market cap of C$17.60 million, a P/E ratio of -4.75 and a beta of 3.70. The firm has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.07.

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. The company is headquartered in Toronto, Canada.

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