Barksdale Resources (CVE:BRO) Shares Down 20.8% – What’s Next?

Shares of Barksdale Resources Corp. (CVE:BRO) were down 20.8% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 167,000 shares traded hands during trading, an increase of 16% from the average daily volume of 144,541 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Performance

The stock has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.14. The company has a debt-to-equity ratio of 6.17, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market cap of C$12.47 million, a P/E ratio of -2.89 and a beta of 0.41.

About Barksdale Resources

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.