Balmoral Resources (TSE:BAR) Trading Up 16.1%

Balmoral Resources Ltd (TSE:BAR) was up 16.1% during mid-day trading on Monday . The company traded as high as C$0.36 and last traded at C$0.36, approximately 1,121,248 shares changed hands during mid-day trading. An increase of 442% from the average daily volume of 207,001 shares. The stock had previously closed at C$0.31.

The company has a quick ratio of 4.74, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $54.03 million and a P/E ratio of -22.14. The company’s 50-day simple moving average is C$0.24 and its 200 day simple moving average is C$0.19.

About Balmoral Resources (TSE:BAR)

Balmoral Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, copper, cobalt, platinum, and palladium deposits. Its principal project is the Detour Trend gold project located in Quebec.

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