Barksdale Resources (CVE:BRO) Stock Price Up 7.4% Following Analyst Upgrade

Shares of Barksdale Resources Corp. (CVE:BRO) shot up 7.4% during mid-day trading on Thursday after ATB Cormark Capital Markets upgraded the stock from a sector perform rating to a speculative buy rating. ATB Cormark Capital Markets now has a C$0.30 price target on the stock, up from their previous price target of C$0.25. Barksdale Resources traded as high as C$0.32 and last traded at C$0.29. Approximately 2,093,317 shares changed hands during trading, an increase of 324% from the average daily volume of 493,456 shares. The stock had previously closed at C$0.27.

Barksdale Resources Stock Up 9.3%

The firm has a market cap of C$69.29 million, a PE ratio of -29.50 and a beta of -0.88. The company has a current ratio of 6.63, a quick ratio of 1.56 and a debt-to-equity ratio of 10.23. The firm has a 50 day moving average price of C$0.19 and a 200-day moving average price of C$0.27.

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.