Barksdale Resources (CVE:BRO) Trading 25.8% Higher – What’s Next?

Shares of Barksdale Resources Corp. (CVE:BRO) were up 25.8% during trading on Wednesday . The stock traded as high as C$0.20 and last traded at C$0.20. Approximately 353,900 shares changed hands during trading, a decline of 18% from the average daily volume of 429,525 shares. The stock had previously closed at C$0.16.

Barksdale Resources Price Performance

The company has a debt-to-equity ratio of 6.17, a current ratio of 1.57 and a quick ratio of 1.56. The stock’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.09. The firm has a market capitalization of C$29.46 million, a price-to-earnings ratio of -5.00 and a beta of -1.06.

About Barksdale Resources

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.