Bluestone Resources (CVE:BSR) Trading Down 4.3%

Bluestone Resources Inc. (CVE:BSRGet Free Report)’s share price was down 4.3% during mid-day trading on Friday . The company traded as low as C$0.43 and last traded at C$0.45. Approximately 36,197 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 134,789 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

Separately, Haywood Securities upgraded shares of Bluestone Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th.

View Our Latest Stock Report on Bluestone Resources

Bluestone Resources Trading Down 4.3 %

The company has a fifty day moving average of C$0.52 and a 200-day moving average of C$0.39. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 44.59. The company has a market capitalization of C$68.36 million, a price-to-earnings ratio of -9.00 and a beta of 1.88.

Bluestone Resources (CVE:BSRGet Free Report) last released its earnings results on Friday, May 10th. The company reported C($0.01) earnings per share for the quarter. As a group, equities research analysts anticipate that Bluestone Resources Inc. will post -0.03 earnings per share for the current fiscal year.

Bluestone Resources Company Profile

(Get Free Report)

Bluestone Resources Inc engages in the exploration and development of precious metals. Its flagship asset is the Cerro Blanco gold project located in Southern Guatemala in the department of Jutiapa. The company was formerly known as Indicator Minerals Inc and changed its name to Bluestone Resources Inc in January 2012.

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