The shares of Beaufield Resources Inc. (CVE:BFD), (PINK:BFDRF) remain true to themselves. Their performance has been quite stable and predictable over the last seven months, after the big jump in the end of September. During this period, BFD has been floating mostly within the $0.3-$0.5 trading range.

Beaufield_Resources_-_Chart.jpgSince October, the stock has managed to go over the half dollar mark only several times. In the last two and a half months, this has not happened even once. The 50 cents have remained beyond reach for BFD since the beginning of February. Yesterday, the shares lost more than 7% of their value, ending the session at $0.390.

The latest official news from Beaufield Resources was from last Wednesday, when the company published on its website assay results from the ongoing drilling program at the Tortigny project. The disclosure, however, did not seem to have impressed investors greatly.

The performance of the stock in the coming days remains unclear and hard to foretell. The company’s financial reports reveal a stable condition with a working capital of $6.8M, no long-term debt and $3.65M in cash.

Beaufield_Resources_-_Logo.jpgOn the other hand, Beaufield has no revenue – the core of each business. It is not clear when precisely we might expect earnings to start flowing and profits to be realized.

Based on this, we might assume that the company has a potential that could support the shares for a rise in the future. Unless Beaufield starts yielding revenue soon, however, nothing is guaranteed.