Barksdale Resources (CVE:BRO) Shares Down 9.7% – Time to Sell?

Barksdale Resources Corp. (CVE:BROGet Free Report)’s share price was down 9.7% during mid-day trading on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 384,100 shares traded hands during mid-day trading, an increase of 257% from the average daily volume of 107,503 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Performance

The company has a market capitalization of C$18.71 million, a price-to-earnings ratio of -2.33 and a beta of 0.41. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.56 and a current ratio of 1.81. The stock’s 50-day moving average price is C$0.16 and its 200-day moving average price is C$0.15.

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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