Barksdale Resources (CVE:BRO) Stock Price Down 9.7% – Here’s Why

Barksdale Resources Corp. (CVE:BROGet Free Report) shares were down 9.7% during trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 381,100 shares were traded during mid-day trading, an increase of 255% from the average daily volume of 107,217 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Performance

The company has a debt-to-equity ratio of 6.26, a current ratio of 1.81 and a quick ratio of 1.56. The firm has a fifty day simple moving average of C$0.16 and a 200 day simple moving average of C$0.15. The company has a market capitalization of C$18.04 million, a price-to-earnings ratio of -2.25 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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