Barksdale Resources (CVE:BRO) Trading 34.8% Higher – Should You Buy?

Barksdale Resources Corp. (CVE:BRO) shares were up 34.8% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 4,811,210 shares traded hands during mid-day trading, an increase of 1,058% from the average daily volume of 415,503 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Up 3.2%

The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 6.17. The stock has a market cap of C$23.57 million, a P/E ratio of -4.00 and a beta of -1.60. The firm has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.09.

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.