Barksdale Resources (CVE:BRO) Shares Down 20.8% – Here’s Why

Barksdale Resources Corp. (CVE:BROGet Free Report)’s stock price fell 20.8% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 167,000 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 144,541 shares. The stock had previously closed at C$0.12.

Barksdale Resources Price Performance

The business has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.14. The company has a debt-to-equity ratio of 6.17, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market capitalization of C$13.78 million, a price-to-earnings ratio of -3.20 and a beta of 0.41.

About Barksdale Resources

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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.

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