Barksdale Resources (CVE:BRO) Trading Up 25% – Here’s Why

Barksdale Resources Corp. (CVE:BRO)’s stock price was up 25% on Monday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 258,364 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 338,297 shares. The stock had previously closed at C$0.20.

Barksdale Resources Trading Up 20.0%

The stock’s 50 day moving average is C$0.16 and its two-hundred day moving average is C$0.11. The company has a market capitalization of C$49.46 million, a PE ratio of -8.00 and a beta of -1.26. The company has a quick ratio of 1.56, a current ratio of 0.64 and a debt-to-equity ratio of 16.39.

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.