Barksdale Resources (CVE:BRO) Trading Down 6.5% – Here’s Why

Barksdale Resources Corp. (CVE:BROGet Free Report) shares fell 6.5% during mid-day trading on Wednesday . The company traded as low as C$0.14 and last traded at C$0.15. 442,600 shares traded hands during mid-day trading, an increase of 296% from the average session volume of 111,681 shares. The stock had previously closed at C$0.16.

Barksdale Resources Trading Up 7.7 %

The company has a quick ratio of 1.56, a current ratio of 1.81 and a debt-to-equity ratio of 6.26. The company’s 50-day moving average is C$0.16 and its 200-day moving average is C$0.15. The stock has a market capitalization of C$18.71 million, a price-to-earnings ratio of -2.33 and a beta of 0.41.

Barksdale Resources Company Profile

(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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