Barksdale Resources (CVE:BRO) Shares Up 29% – Still a Buy?

Barksdale Resources Corp. (CVE:BRO)’s stock price was up 29% during trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.20. Approximately 486,900 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 433,835 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Up 29.0%

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 firm has a market cap of C$29.46 million, a price-to-earnings ratio of -5.00 and a beta of -1.06. The firm has a 50-day moving average of C$0.11 and a two-hundred day moving average of C$0.09.

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.