Insider Buying: Canstar Resources (CVE:ROX) Director Buys 500,000 Shares of Stock

Canstar Resources Inc. (CVE:ROX) Director John Paul Austin bought 500,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were acquired at an average price of C$0.06 per share, for a total transaction of C$30,000.00. Following the acquisition, the director owned 8,326,000 shares in the company, valued at approximately C$499,560. This represents a 6.39% increase in their position.

John Paul Austin also recently made the following trade(s):

• On Tuesday, September 15th, John Paul Austin bought 500,000 shares of Canstar Resources stock. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$30,000.00.

Canstar Resources Stock Down 8.3%

Shares of Canstar Resources stock traded down C$0.01 during trading on Wednesday, hitting C$0.06. The company’s stock had a trading volume of 74,000 shares, compared to its average volume of 143,136. Canstar Resources Inc. has a 52 week low of C$0.04 and a 52 week high of C$0.14. The company has a market capitalization of C$10.22 million, a PE ratio of -5.50 and a beta of 3.26. The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 218.89, a quick ratio of 8.36 and a current ratio of 1.31.

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.