Canstar Resources (CVE:ROX) Stock Price Up 20% – Here’s Why

Canstar Resources Inc. (CVE:ROXGet Free Report) rose 20% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 106,000 shares were traded during trading, an increase of 75% from the average daily volume of 60,482 shares. The stock had previously closed at C$0.05.

Canstar Resources Trading Up 20.0 %

The stock has a market capitalization of C$8.68 million, a P/E ratio of -6.89 and a beta of 2.55. The stock’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

Canstar Resources Company Profile

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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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