Barksdale Resources (CVE:BRO) Trading Up 34.8% – What’s Next?

Barksdale Resources Corp. (CVE:BRO) shares traded up 34.8% during mid-day trading on Friday . The company traded as high as C$0.16 and last traded at C$0.16. 4,811,210 shares changed hands during mid-day trading, an increase of 1,001% from the average session volume of 436,903 shares. The stock had previously closed at C$0.12.

Barksdale Resources Trading Up 34.8%

The business’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09. The company has a debt-to-equity ratio of 6.17, a quick ratio of 1.56 and a current ratio of 1.57. The company has a market capitalization of C$22.83 million, a price-to-earnings ratio of -3.88 and a beta of -1.60.

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.