Bluestone Resources (CVE:BSR) Stock Price Down 10%

Shares of Bluestone Resources Inc. (CVE:BSR) traded down 10% during trading on Wednesday . The stock traded as low as C$0.27 and last traded at C$0.27. 162,360 shares traded hands during trading, an increase of 43% from the average session volume of 113,524 shares. The stock had previously closed at C$0.30.

Analysts Set New Price Targets

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

Bluestone Resources Price Performance

The stock has a market cap of C$43.37 million, a price-to-earnings ratio of -4.07 and a beta of 1.88. The company has a 50 day simple moving average of C$0.31 and a 200-day simple moving average of C$0.41. The company has a current ratio of 0.05, a quick ratio of 0.22 and a debt-to-equity ratio of 63.51.

Bluestone Resources (CVE:BSR) last announced its earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Research analysts expect that Bluestone Resources Inc. will post -0.03 EPS for the current 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.