Barksdale Resources (CVE:BRO) Stock Price Down 12.9% – Here’s Why

Barksdale Resources Corp. (CVE:BROGet Free Report) traded down 12.9% during mid-day trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 518,600 shares were traded during mid-day trading, an increase of 347% from the average session volume of 116,146 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Performance

The company has a current ratio of 1.81, a quick ratio of 1.56 and a debt-to-equity ratio of 6.26. The company’s 50-day simple moving average is C$0.16 and its 200-day simple moving average is C$0.15. The stock has a market capitalization of C$17.37 million, a price-to-earnings ratio of -2.17 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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