Canstar Resources (CVE:ROX) Sets New 1-Year Low – Here’s Why

Canstar Resources Inc. (CVE:ROX – Get Free Report)’s share price hit a new 52-week low on Friday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 10,040 shares trading hands. The stock had previously closed at C$0.04.

Canstar Resources Price Performance

The company has a quick ratio of 8.36, a current ratio of 0.49 and a debt-to-equity ratio of -145.54. The stock has a market cap of C$7.03 million, a price-to-earnings ratio of -3.50 and a beta of 2.26. The company’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.06.

Insider Activity at Canstar Resources

In other Canstar Resources news, Director John Paul Austin acquired 500,000 shares of Canstar Resources stock in a transaction on Monday, September 21st. The shares were bought at an average price of C$0.06 per share, with a total value of C$30,000.00. Following the completion of the purchase, the director owned 8,326,000 shares in the company, valued at C$499,560. This trade represents a 6.39% increase in their ownership of the stock. 28.71% of the stock is owned by insiders.

Canstar Resources Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Canstar Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canstar Resources and related companies with MarketBeat.com's FREE daily email newsletter.