Barksdale Resources (CVE:BRO) Trading 23.5% Higher – Here’s Why

Barksdale Resources Corp. (CVE:BRO)’s share price was up 23.5% on Thursday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 3,213,710 shares traded hands during mid-day trading, an increase of 967% from the average daily volume of 301,103 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Performance

The stock’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The stock 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.

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.