Barksdale Resources (CVE:BRO) Trading Up 11.5% – Here’s What Happened

Barksdale Resources Corp. (CVE:BRO) traded up 11.5% on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. 278,608 shares changed hands during trading, an increase of 197% from the average session volume of 93,681 shares. The stock had previously closed at C$0.13.

Barksdale Resources Stock Performance

The company has a debt-to-equity ratio of 6.26, a current ratio of 1.81 and a quick ratio of 1.56. The business has a 50-day moving average of C$0.15 and a 200-day moving average of C$0.15. The company has a market capitalization of C$21.38 million, a P/E ratio of -2.67 and a beta of 0.41.

Barksdale Resources (CVE:BRO) last issued its quarterly earnings results on Thursday, August 29th. The company reported C($0.01) earnings per share for the quarter. On average, sell-side analysts anticipate that Barksdale Resources Corp. will post -0.02 EPS for the current year.

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.