Barksdale Resources (CVE:BRO) Hits New 52-Week High – Still a Buy?

Shares of Barksdale Resources Corp. (CVE:BRO) reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17, with a volume of 270152 shares traded. The stock had previously closed at C$0.16.

Barksdale Resources Stock Performance

The stock has a market cap of C$24.31 million, a price-to-earnings ratio of -4.13 and a beta of -1.06. The firm’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.09. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 6.17.

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.