Barksdale Resources (CVE:BRO) Trading Up 54.8% – Still a Buy?

Barksdale Resources Corp. (CVE:BRO) was up 54.8% during trading on Monday . The stock traded as high as C$0.38 and last traded at C$0.33. Approximately 3,335,643 shares changed hands during mid-day trading, an increase of 810% from the average daily volume of 366,514 shares. The stock had previously closed at C$0.21.

Barksdale Resources Trading Up 15.2%

The company has a 50 day moving average of C$0.18 and a 200 day moving average of C$0.13. 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 capitalization of C$78.32 million, a price-to-earnings ratio of -12.67 and a beta of -1.50.

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.