Canstar Resources (CVE:ROX) Trading 21.4% Higher – What’s Next?

Canstar Resources Inc. (CVE:ROX) shot up 21.4% on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 199,987 shares traded hands during mid-day trading, an increase of 152% from the average session volume of 79,207 shares. The stock had previously closed at C$0.07.

Canstar Resources Price Performance

The firm has a market cap of C$15.75 million, a price-to-earnings ratio of -4.25 and a beta of 3.70. The stock has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.07.

Canstar Resources Company Profile

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.