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

Barksdale Resources Corp. (CVE:BRO) traded up 29% during trading on Thursday . The stock traded as high as C$0.20 and last traded at C$0.20. 486,900 shares changed hands 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 Trading Up 5.3%

The company’s fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.10. The firm has a market capitalization of C$29.46 million, a PE ratio of -5.00 and a beta of -1.06. The company has a debt-to-equity ratio of 6.17, a current ratio of 1.57 and a quick ratio of 1.56.

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.