Barksdale Resources (CVE:BRO) Shares Up 29% – Should You Buy?
by Mitch Edgeman · The Markets DailyBarksdale Resources Corp. (CVE:BRO – Get Free Report)’s stock price traded up 29% on Wednesday . The company traded as high as C$0.20 and last traded at C$0.20. 478,900 shares were traded during mid-day trading, an increase of 11% from the average session volume of 431,507 shares. The stock had previously closed at C$0.16.
Barksdale Resources Stock Up 29.0%
The company has a debt-to-equity ratio of 6.17, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market capitalization of C$29.46 million, a P/E ratio of -5.00 and a beta of -1.06. The firm’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.09.
About Barksdale Resources
Barksdale Resources Corp. engages in the acquisition and exploration of precious and base metal mineral properties in the United States and Mexico. It primarily explores for copper, zinc, lead, silver, and gold ores. The company's primary asset is the Sunnyside property comprising of 286 unpatented mining claims covering approximately 5,223.71 acres located in the Patagonia Mountains of southern Arizona. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.