Barksdale Resources (CVE:BRO) Trading Down 20.8% – Should You Sell?

by · The Cerbat Gem

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 traded hands during mid-day 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 Price Performance

The firm has a 50 day moving average price of C$0.12 and a 200 day moving average price of C$0.14. 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 market cap of C$13.78 million, a P/E ratio of -3.20 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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