Canstar Resources (CVE:ROX) Hits New 1-Year Low – Should You Sell?

Canstar Resources Inc. (CVE:ROXGet Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 953560 shares changing hands. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The firm’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.07. The company has a market capitalization of C$6.48 million, a PE ratio of -1.75 and a beta of 3.22. The company has a quick ratio of 8.36, a current ratio of 1.31 and a debt-to-equity ratio of 218.89.

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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