Barksdale Resources (CVE:BRO) Stock Moved Up to “Speculative Buy” by ATB Cormark Capital Markets

Barksdale Resources (CVE:BRO) was upgraded by stock analysts at ATB Cormark Capital Markets from a “sector perform” rating to a “speculative buy” rating in a report issued on Wednesday, BayStreet reports. The firm currently has a C$0.30 target price on the stock, up from their previous target price of C$0.25. ATB Cormark Capital Markets’ price objective indicates a potential upside of 3.45% from the company’s current price.

Barksdale Resources Trading Up 11.5%

Barksdale Resources stock opened at C$0.29 on Wednesday. The firm’s 50-day moving average is C$0.19 and its 200-day moving average is C$0.27. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.56 and a current ratio of 6.63. Barksdale Resources has a 1 year low of C$0.07 and a 1 year high of C$0.55. The company has a market cap of C$68.11 million, a P/E ratio of -29.00 and a beta of -0.88.

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.