Canstar Resources (CVE:ROX) Trading 25% Higher – What’s Next?

Canstar Resources Inc. (CVE:ROXGet Free Report) traded up 25% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. 186,000 shares changed hands during mid-day trading, an increase of 232% from the average session volume of 55,984 shares. The stock had previously closed at C$0.04.

Canstar Resources Trading Up 16.7 %

The company’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04. The company has a market cap of C$10.13 million, a PE ratio of -8.04 and a beta of 2.55.

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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