Goldstar Minerals (CVE:GDM) Trading Up 4.5% – Time to Buy?

Goldstar Minerals Inc. (CVE:GDM) shares rose 4.5% during trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 10,000 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 39,753 shares. The stock had previously closed at C$0.11.

Goldstar Minerals Stock Performance

The business has a 50 day moving average of C$0.12 and a 200-day moving average of C$0.12. The company has a market capitalization of C$6.99 million, a P/E ratio of -1.64 and a beta of 0.25. The company has a debt-to-equity ratio of 20.75, a quick ratio of 0.03 and a current ratio of 0.08.

About Goldstar Minerals

Goldstar Minerals Inc engages in the exploration of mineral properties in the provinces of Québec, and Newfoundland. The company focuses on developing gold and technology metal deposits. It holds 100% interest in the Fortune property located in the Gaspé Peninsula, Québec; Panache North property situated in the Windfall Lake (Urban Barry) area of Québec; and the Prince Property located in the province of Newfoundland; Upton property located in the Monteregie region of southern Quebec.