Barksdale Resources (CVE:BRO) Hits New 1-Year High – Still a Buy?

Barksdale Resources Corp. (CVE:BRO)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$0.25 and last traded at C$0.24, with a volume of 291995 shares changing hands. The stock had previously closed at C$0.23.

Barksdale Resources Stock Up 6.7%

The stock has a market cap of C$49.46 million, a price-to-earnings ratio of -8.00 and a beta of -1.26. The company has a quick ratio of 1.56, a current ratio of 0.64 and a debt-to-equity ratio of 16.39. The stock has a fifty day moving average of C$0.16 and a two-hundred day moving average of C$0.11.

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.