Barksdale Resources (CVE:BRO) Sets New 12-Month Low After Analyst Downgrade

Barksdale Resources Corp. (CVE:BROGet Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday after Cormark lowered their price target on the stock from C$1.00 to C$0.85. The stock traded as low as C$0.15 and last traded at C$0.14, with a volume of 148296 shares traded. The stock had previously closed at C$0.15.

Barksdale Resources Stock Performance

The stock’s fifty day moving average is C$0.28 and its two-hundred day moving average is C$0.45. The firm has a market capitalization of C$11.91 million, a price-to-earnings ratio of -3.25 and a beta of 0.79. The company has a debt-to-equity ratio of 9.29, a quick ratio of 1.56 and a current ratio of 0.35.

Barksdale Resources Company Profile

(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.

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