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

Barksdale Resources Corp. (CVE:BROGet Free Report)’s stock price fell 20.8% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 167,000 shares traded hands during 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 Stock Performance

The stock’s 50-day moving average is C$0.12 and its 200-day moving average is C$0.14. 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 stock has a market cap of C$13.78 million, a price-to-earnings ratio of -3.20 and a beta of 0.41.

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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