Barksdale Resources (CVE:BRO) Trading Up 29% – Time to Buy?

Barksdale Resources Corp. (CVE:BRO)’s stock price shot up 29% during mid-day trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.20. 486,900 shares were traded during trading, an increase of 12% from the average session volume of 434,111 shares. The stock had previously closed at C$0.16.

Barksdale Resources Trading 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 cap of C$29.46 million, a PE ratio of -5.00 and a beta of -1.06. The company’s 50 day moving average price is C$0.11 and its 200 day moving average price is C$0.09.

Barksdale Resources Company Profile

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.