Barksdale Resources (CVE:BRO) Reaches New 1-Year High – Should You Buy?

Barksdale Resources Corp. (CVE:BRO)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 1836845 shares. The stock had previously closed at C$0.33.

Barksdale Resources Price Performance

The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.56 and a current ratio of 0.64. The stock has a market cap of C$78.32 million, a PE ratio of -12.67 and a beta of -1.50. The stock’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.13.

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.