Barksdale Resources (CVE:BRO) Trading Down 16.1% – Here’s Why

Barksdale Resources Corp. (CVE:BRO)’s stock price traded down 16.1% during mid-day trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. 544,100 shares were traded during 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 Price Performance

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

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.