Barksdale Resources (CVE:BRO) Shares Down 16.1% – What’s Next?

Barksdale Resources Corp. (CVE:BROGet Free Report)’s share price fell 16.1% during trading on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. 544,100 shares traded hands during mid-day trading, an increase of 357% from the average session volume of 118,931 shares. The stock had previously closed at C$0.16.

Barksdale Resources Stock Down 16.1 %

The company has a debt-to-equity ratio of 6.26, a current ratio of 1.81 and a quick ratio of 1.56. The firm’s 50-day moving average price is C$0.16 and its 200 day moving average price is C$0.15. The firm has a market capitalization of C$17.37 million, a price-to-earnings ratio of -2.17 and a beta of 0.41.

About Barksdale Resources

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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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