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

by · The Markets Daily

Barksdale Resources Corp. (CVE:BRO – Get Free Report)’s share price 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 changed hands 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 Price Performance

The company has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.14. The stock 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.

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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