Barksdale Resources (CVE:BRO) Stock Price Down 20.8% – Here’s Why

by · The Cerbat Gem

Shares of Barksdale Resources Corp. (CVE:BRO – Get Free Report) dropped 20.8% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 167,000 shares were traded during trading, an increase of 16% from the average daily volume of 144,541 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Performance

The company has a market cap of C$13.78 million, a price-to-earnings ratio of -3.20 and a beta of 0.41. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 6.17. The firm’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.14.

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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