Barksdale Resources (CVE:BRO) Stock Price Up 34.8% – Still a Buy?

Barksdale Resources Corp. (CVE:BRO) shot up 34.8% during trading on Thursday . 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 Stock Performance

The firm has a market cap of C$22.83 million, a price-to-earnings ratio of -3.88 and a beta of -1.60. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 6.17. The stock has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.09.

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.