Barksdale Resources (CVE:BRO) Downgraded to Hold Rating by Cormark

Cormark lowered shares of Barksdale Resources (CVE:BRO) from a moderate buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Barksdale Resources Stock Performance

CVE:BRO opened at C$0.09 on Monday. The company has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.10. The firm has a market capitalization of C$11.62 million, a P/E ratio of -2.83 and a beta of -1.68. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 6.17. Barksdale Resources has a twelve month low of C$0.06 and a twelve month high of C$0.21.

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.