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

Shares of Barksdale Resources Corp. (CVE:BROGet Free Report) fell 9.7% during trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 381,100 shares changed hands during trading, an increase of 255% from the average session volume of 107,217 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Performance

The stock has a 50 day moving average price of C$0.16 and a two-hundred day moving average price of C$0.15. 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 company has a market capitalization of C$18.71 million, a price-to-earnings ratio of -2.33 and a beta of 0.41.

About Barksdale Resources

(Get Free Report)

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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