Barksdale Resources (CVE:BRO) Trading Up 7.7% – Here’s What Happened

Barksdale Resources Corp. (CVE:BRO)’s stock price was up 7.7% during trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 220,378 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 420,726 shares. The stock had previously closed at C$0.13.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised Barksdale Resources from a “hold” rating to a “moderate buy” rating and lowered their price target for the stock from C$0.40 to C$0.25 in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barksdale Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of C$0.25.

Barksdale Resources Price Performance

The company has a market cap of C$34.50 million, a price-to-earnings ratio of -7.50 and a beta of -0.88. The company has a 50-day simple moving average of C$0.26 and a 200-day simple moving average of C$0.26. The company has a debt-to-equity ratio of 9.74, a quick ratio of 1.56 and a current ratio of 7.29.

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.