Barksdale Resources (CVE:BRO) Shares Up 25% – Here’s What Happened

Barksdale Resources Corp. (CVE:BRO)’s share price rose 25% during trading on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.15. Approximately 322,410 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 305,988 shares. The stock had previously closed at C$0.12.

Barksdale Resources Trading Up 10.0%

The company has a current ratio of 0.64, a quick ratio of 1.56 and a debt-to-equity ratio of 16.39. The stock has a market capitalization of C$34.01 million, a price-to-earnings ratio of -5.50 and a beta of -1.78. The business has a 50 day simple moving average of C$0.16 and a 200-day simple moving average of C$0.11.

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.