Barksdale Resources (CVE:BRO) Trading 29% Higher – Here’s Why

Barksdale Resources Corp. (CVE:BRO)’s share price shot up 29% during trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.20. 486,900 shares were traded during mid-day trading, an increase of 12% from the average session volume of 434,111 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Performance

The company has a market capitalization of C$28.72 million, a P/E ratio of -4.88 and a beta of -1.06. The company has a debt-to-equity ratio of 6.17, a quick ratio of 1.56 and a current ratio of 1.57. The business has a 50 day moving average of C$0.11 and a 200-day moving average of C$0.09.

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.