CryptoStar (CSTR.V) Makes a Big Move On High Volume: More to Come?

The blockbuster rally in cryptocurrencies over the past months has ignited considerable interest in stocks of companies involved with the industry.

CryptoStar (CSTR.V) Makes a Big Move On High Volume: More to Come?

Many crypto mining companies are now in focus among investors and one of the companies that could be tracked is CryptoStar Corp (CSTR.V). The crypto mining company, which has its operations in Canada and the United States, saw its stock soar by as high as 150% over the past three weeks. This past Friday, the CryptoStar stock recorded gains of 24%.

In addition to that, there was another development last week that could have triggered the interest of investors. On March 5, the company announced that it successfully closed the private placement of 20,000,000 units in CryptoStar and managed to raise as much as $2,000,000. The company sold the units in question for $0.10 each. The units were made up of one common share in the company and one common share purchase warrant.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.