Barksdale Resources (CVE:BRO) Reaches New 1-Year High – Time to Buy?

Shares of Barksdale Resources Corp. (CVE:BRO) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.27 and last traded at C$0.25, with a volume of 78825 shares trading hands. The stock had previously closed at C$0.27.

Barksdale Resources Price Performance

The company has a debt-to-equity ratio of 16.39, a current ratio of 0.64 and a quick ratio of 1.56. The stock’s fifty day simple moving average is C$0.17 and its 200-day simple moving average is C$0.12. The company has a market capitalization of C$46.37 million, a P/E ratio of -7.50 and a beta of -1.26.

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. 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.