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

Barksdale Resources Corp. (CVE:BROGet Free Report) shares dropped 9.7% during trading on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 384,100 shares changed hands during mid-day trading, an increase of 257% from the average daily volume of 107,503 shares. The stock had previously closed at C$0.16.

Barksdale Resources Trading Up 7.7 %

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 stock has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.15. The firm has a market cap of C$18.71 million, a P/E ratio of -2.33 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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