Barksdale Resources (CVE:BRO) Shares Up 34.8% – Here’s What Happened

Barksdale Resources Corp. (CVE:BROGet Free Report) shares shot up 34.8% on Friday . The company traded as high as C$0.16 and last traded at C$0.16. 4,811,210 shares changed hands during trading, an increase of 1,001% from the average session volume of 436,903 shares. The stock had previously closed at C$0.12.

Barksdale Resources Trading Up 3.2%

The stock has a market cap of C$23.57 million, a price-to-earnings ratio of -4.00 and a beta of -1.60. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 6.17. The business’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.09.

About Barksdale Resources

(Get Free Report)

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.

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