Canstar Resources Inc. (CVE:ROX – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 79,000 shares trading hands. The stock had previously closed at C$0.04.
Canstar Resources Stock Down 12.5%
The stock has a market capitalization of C$6.50 million, a price-to-earnings ratio of -3.50 and a beta of 2.97. The firm’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.06. The company has a debt-to-equity ratio of 218.89, a current ratio of 1.31 and a quick ratio of 8.36.
Insider Activity
In other news, Director John Paul Austin acquired 500,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$30,000.00. Following the completion of the acquisition, the director owned 8,326,000 shares in the company, valued at approximately C$499,560. The trade was a 6.39% increase in their ownership of the stock. 28.71% of the stock is owned by company insiders.
Canstar Resources Company Profile
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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