Bluestone Resources (CVE:BSR) Shares Down 8.6%

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

Analyst Upgrades and Downgrades

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

Bluestone Resources Stock Performance

The stock has a market cap of C$40.26 million, a P/E ratio of -5.30 and a beta of 1.88. The company has a fifty day moving average price of C$0.44 and a 200 day moving average price of C$0.42. The company has a debt-to-equity ratio of 44.59, a current ratio of 0.31 and a quick ratio of 0.22.

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

Bluestone Resources Company Profile

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.