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

Barksdale Resources Corp. (CVE:BRO)’s share price traded down 12.9% on Wednesday . The company 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 Price Performance

The stock has a market capitalization of C$17.37 million, a P/E ratio of -2.17 and a beta of 0.41. The business’s 50 day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.15. The company has a quick ratio of 1.56, a current ratio of 1.81 and a debt-to-equity ratio of 6.26.

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.