Barksdale Resources (CVE:BRO) Trading Up 11.5% – Should You Buy?

Barksdale Resources Corp. (CVE:BRO) shot up 11.5% during mid-day trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. 278,608 shares were traded during trading, an increase of 197% from the average session volume of 93,681 shares. The stock had previously closed at C$0.13.

Barksdale Resources Price Performance

The firm has a market cap of C$21.38 million, a P/E ratio of -2.67 and a beta of 0.41. The company has a current ratio of 1.81, a quick ratio of 1.56 and a debt-to-equity ratio of 6.26. The firm has a 50-day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15.

Barksdale Resources (CVE:BRO) last announced its earnings results on Thursday, August 29th. The company reported C($0.01) earnings per share for the quarter. As a group, analysts forecast that Barksdale Resources Corp. will post -0.02 EPS for the current year.

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.