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

Barksdale Resources Corp. (CVE:BRO)’s stock price was up 34.8% during trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 4,811,210 shares traded hands during mid-day trading, an increase of 1,058% from the average daily volume of 415,503 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 company has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.09. The firm has a market capitalization of C$22.83 million, a price-to-earnings ratio of -3.88 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.