Canstar Resources (CVE:ROX) Trading Down 16.7% – Here’s What Happened

Canstar Resources Inc. (CVE:ROXGet Free Report) shares were down 16.7% on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 340,640 shares were traded during trading, an increase of 121% from the average session volume of 153,899 shares. The stock had previously closed at C$0.06.

Canstar Resources Price Performance

The firm has a market cap of C$9.29 million, a price-to-earnings ratio of -5.00 and a beta of 3.37. The company’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.07. 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.

Further Reading

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