Barksdale Resources (CVE:BRO) Shares Down 20.8% – What’s Next?

Barksdale Resources Corp. (CVE:BRO) fell 20.8% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 167,000 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 144,541 shares. The stock had previously closed at C$0.12.

Barksdale Resources Price Performance

The company has a debt-to-equity ratio of 6.17, a current ratio of 1.57 and a quick ratio of 1.56. The stock’s fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.14. The firm has a market cap of C$12.47 million, a PE ratio of -2.89 and a beta of 0.41.

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.