Barksdale Resources (CVE:BRO) Shares Down 20.8% – Here’s What Happened

Barksdale Resources Corp. (CVE:BRO) dropped 20.8% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 167,000 shares changed 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 Trading Down 20.8 %

The firm’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.14. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 6.17. The firm has a market capitalization of C$12.47 million, a PE ratio of -2.89 and a beta of 0.41.

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.