Barksdale Resources (CVE:BRO) Trading Down 9.7% – Here’s Why

Shares of Barksdale Resources Corp. (CVE:BRO) fell 9.7% on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. 384,100 shares changed hands during trading, an increase of 257% from the average session volume of 107,503 shares. The stock had previously closed at C$0.16.

Barksdale Resources Price Performance

The company has a market cap of C$17.37 million, a P/E ratio of -2.17 and a beta of 0.41. The stock has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.15. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.56 and a current ratio of 1.81.

Barksdale Resources Company Profile

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.