Barksdale Resources (CVE:BRO) Shares Up 34.8% – What’s Next?

Barksdale Resources Corp. (CVE:BROGet Free Report) rose 34.8% during trading on Friday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 4,811,210 shares were traded during mid-day trading, an increase of 1,001% from the average daily volume of 436,903 shares. The stock had previously closed at C$0.12.

Barksdale Resources Trading Up 3.2%

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 firm’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.09. 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.

About Barksdale Resources

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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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