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

Barksdale Resources Corp. (CVE:BRO)’s share price traded up 7.4% during 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. 2,093,317 shares were traded during mid-day trading, an increase of 324% from the average session volume of 493,456 shares. The stock had previously closed at C$0.27.

Barksdale Resources Price Performance

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 market capitalization of C$69.29 million, a PE ratio of -29.50 and a beta of -0.88. The company has a fifty day moving average price of C$0.19 and a two-hundred day moving average price of C$0.27.

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.