Barksdale Resources (CVE:BRO) Stock Price Up 54.8% – Should You Buy?

Barksdale Resources Corp. (CVE:BRO)’s share price was up 54.8% during trading on Monday . The company traded as high as C$0.38 and last traded at C$0.33. Approximately 3,335,643 shares were traded during mid-day trading, an increase of 810% from the average daily volume of 366,514 shares. The stock had previously closed at C$0.21.

Barksdale Resources Stock Up 57.1%

The company has a fifty day simple moving average of C$0.18 and a 200-day simple moving average of C$0.13. 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 firm has a market cap of C$68.01 million, a P/E ratio of -11.00 and a beta of -1.50.

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.