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

Barksdale Resources Corp. (CVE:BRO) dropped 16.1% during trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 544,100 shares changed hands during mid-day trading, an increase of 357% from the average daily volume of 118,931 shares. The stock had previously closed at C$0.16.

Barksdale Resources Price Performance

The business has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.15. The stock has a market cap of C$18.71 million, a P/E ratio of -2.33 and a beta of 0.41. The company has a current ratio of 1.81, a quick ratio of 1.56 and a debt-to-equity ratio of 6.26.

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.