John Paul Austin Acquires 500,000 Shares of Canstar Resources (CVE:ROX) Stock

Canstar Resources Inc. (CVE:ROX – Get Free Report) Director John Paul Austin bought 500,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of C$0.06 per share, with a total value of C$30,000.00. Following the acquisition, the director owned 7,826,000 shares in the company, valued at approximately C$469,560. This trade represents a 6.83% increase in their position.

Canstar Resources Stock Performance

CVE ROX remained flat at C$0.06 on Thursday. 83,000 shares of the company’s stock traded hands, compared to its average volume of 148,115. The company has a quick ratio of 8.36, a current ratio of 1.31 and a debt-to-equity ratio of 218.89. Canstar Resources Inc. has a 52 week low of C$0.04 and a 52 week high of C$0.14. The stock has a market capitalization of C$10.22 million, a price-to-earnings ratio of -5.50 and a beta of 3.26. The business has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.06.

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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. The company is headquartered in Toronto, Canada.

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