Barksdale Resources (CVE:BRO) Reaches New 1-Year High - Should You Buy?

Key Points

• Reached new 52-week high: the stock traded as high as C$0.38 mid-day (prior close C$0.33) on volume of 1,836,845 shares, showing strong recent buying interest.
• Technical and valuation picture: the 50-day/200-day moving averages are C$0.18/C$0.13 and market cap is C$78.3M, but the company has a negative P/E (-12.67) and a beta of -1.50, indicating no positive earnings and potentially volatile/uncorrelated moves.
• Company focus and primary asset: Barksdale is a U.S.–Mexico precious and base metals explorer whose main asset is the Sunnyside property in southern Arizona (about 5,224 acres), plus several other Arizona and Sonora projects.

Barksdale Resources Corp. (CVE:BRO - ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 1836845 shares. The stock had previously closed at C$0.33.

Barksdale Resources Price Performance

The stock's fifty day moving average price is C$0.18 and its 200-day moving average price is C$0.13. The firm has a market cap of C$78.32 million, a price-to-earnings ratio of -12.67 and a beta of -1.50. The company has a current ratio of 0.64, a quick ratio of 1.56 and a debt-to-equity ratio of 16.39.

Barksdale Resources Company Profile

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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