Canstar Resources (CVE:ROX) Stock Price Up 20% – Should You Buy?

Canstar Resources Inc. (CVE:ROXGet Free Report)’s share price was up 20% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 106,000 shares changed hands during trading, an increase of 77% from the average daily volume of 59,966 shares. The stock had previously closed at C$0.05.

Canstar Resources Price Performance

The stock’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The stock has a market capitalization of C$8.68 million, a PE ratio of -6.89 and a beta of 2.55.

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.

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