Barksdale Resources (CVE:BRO) Trading Down 19.4% – Here’s What Happened
by Doug Wharley · The Cerbat GemBarksdale Resources Corp. (CVE:BRO – Get Free Report) shares fell 19.4% on Monday . The company traded as low as C$0.13 and last traded at C$0.13. 163,700 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 486,832 shares. The stock had previously closed at C$0.16.
Barksdale Resources Trading Down 6.3%
The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 6.17. The stock has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of C$0.09. The firm has a market capitalization of C$22.10 million, a P/E ratio of -3.75 and a beta of -1.06.
About Barksdale Resources
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. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.