Barksdale Resources (CVE:BRO) Trading Up 6.5%

Barksdale Resources Corp. (CVE:BRO) shares rose 6.5% during mid-day trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 9,000 shares were traded during trading, a decline of 89% from the average daily volume of 82,001 shares. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

Separately, Cormark reduced their price target on shares of Barksdale Resources from C$1.00 to C$0.85 in a research report on Wednesday, March 20th.

Barksdale Resources Stock Up 16.7 %

The company has a market capitalization of C$19.24 million, a PE ratio of -5.25 and a beta of 0.79. The business’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is C$0.38. The company has a current ratio of 0.35, a quick ratio of 1.56 and a debt-to-equity ratio of 9.29.

Barksdale Resources (CVE:BRO) last issued its quarterly earnings data on Tuesday, March 19th. The company reported C($0.01) EPS for the quarter. As a group, equities research analysts anticipate that Barksdale Resources Corp. will post -0.02 EPS for the current fiscal 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.