Barksdale Resources (CVE:BRO) Stock Price Up 23.5% – Still a Buy?

Barksdale Resources Corp. (CVE:BRO)’s stock price traded up 23.5% during trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.14. 3,213,710 shares traded hands during trading, an increase of 967% from the average session volume of 301,103 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Performance

The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 6.17. The stock has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The company has a market capitalization of C$23.57 million, a price-to-earnings ratio of -4.00 and a beta of -1.60.

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.