Goldstrike Resources (CVE:GSR) Shares Up 3.4% – Time to Buy?

Shares of Goldstrike Resources Ltd. (CVE:GSR) traded up 3.4% during mid-day trading on Wednesday . The stock traded as high as C$0.65 and last traded at C$0.60. 173,975 shares changed hands during trading, an increase of 39% from the average session volume of 125,537 shares. The stock had previously closed at C$0.58.

Goldstrike Resources Price Performance

The stock has a market capitalization of C$41.82 million, a price-to-earnings ratio of -2.50 and a beta of 7.11. The company has a 50 day moving average of C$0.56 and a 200 day moving average of C$0.47. The company has a quick ratio of 15.03, a current ratio of 15.31 and a debt-to-equity ratio of 0.14.

Goldstrike Resources Company Profile

Goldstrike Resources Ltd. acquires, explores for, and develops mineral properties in Canada. The company explores for gold deposits. Its principal property is the Plateau North and Plateau South areas, which includes approximately 3,167 contiguous quartz claims covering an area of 662 square kilometers in Yukon Territory, Canada. The company was formerly known as AccelRate Power Systems Inc and changed its name to Goldstrike Resources Ltd. in June 2011. Goldstrike Resources Ltd. is headquartered in Vancouver, Canada.