Bluestone Resources (CVE:BSR) Trading Down 8.6%

Bluestone Resources Inc. (CVE:BSR) fell 8.6% on Tuesday . The company traded as low as C$0.26 and last traded at C$0.27. 41,118 shares were traded during trading, a decline of 69% from the average session volume of 133,740 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Haywood Securities raised Bluestone Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th.

Bluestone Resources Price Performance

The stock has a fifty day moving average price of C$0.43 and a 200-day moving average price of C$0.42. The firm has a market capitalization of C$50.13 million, a PE ratio of -6.60 and a beta of 1.88. The company has a debt-to-equity ratio of 44.59, a quick ratio of 0.22 and a current ratio of 0.31.

Bluestone Resources (CVE:BSR) last announced its earnings results on Friday, May 10th. The company reported C($0.01) earnings per share for the quarter. Sell-side analysts forecast that Bluestone Resources Inc. will post -0.03 EPS for the current fiscal year.

About Bluestone Resources

Bluestone Resources Inc engages in the exploration and development of precious metals. Its flagship asset is the Cerro Blanco gold project located in Southern Guatemala in the department of Jutiapa. The company was formerly known as Indicator Minerals Inc and changed its name to Bluestone Resources Inc in January 2012.