Barksdale Resources (CVE:BRO) Shares Down 16.1% – Here’s Why

Barksdale Resources Corp. (CVE:BRO) dropped 16.1% on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 544,100 shares traded hands during mid-day trading, an increase of 357% from the average daily volume of 118,931 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Down 16.1 %

The stock has a fifty day moving average price of C$0.16 and a 200-day moving average price of C$0.15. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.56 and a current ratio of 1.81. The firm has a market cap of C$17.37 million, a PE ratio of -2.17 and a beta of 0.41.

Barksdale Resources Company Profile

Barksdale Resources Corp. engages in the acquisition and exploration of precious and base metal mineral properties in the United States and Mexico. It primarily explores for copper, zinc, lead, silver, and gold ores. The company's primary asset is the Sunnyside property comprising of 286 unpatented mining claims covering approximately 5,223.71 acres located in the Patagonia Mountains of southern Arizona.