Timberline Resources (CVE:TBR) Stock Price Down 11.1%

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Timberline Resources Corp (CVE:TBR) fell 11.1% during trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08, 272,800 shares traded hands during trading. An increase of 722% from the average session volume of 33,169 shares. The stock had previously closed at C$0.09.

The firm’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The company has a current ratio of 0.28, a quick ratio of 0.20 and a debt-to-equity ratio of 4.12. The company has a market cap of $6.74 million and a price-to-earnings ratio of -2.29.

Timberline Resources Company Profile (CVE:TBR)

Timberline Resources Corporation engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds interests in the Eureka property covering an area of approximately 16,000 acres located in the southern part of the Eureka mining district of Eureka county, Nevada; the Elder Creek property covering approximately 9,600 acres located in northern Nevada; and the ICBM (Paiute) Project consisting of approximately 1,346 acres located in the Battle Mountain Mining District, Lander and Humboldt Counties, Nevada.

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