Barksdale Resources (CVE:BRO) Shares Down 16.7% – Should You Sell?

Shares of Barksdale Resources Corp. (CVE:BROGet Free Report) were down 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 162,500 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 144,456 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Down 16.7 %

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 company has a market cap of C$13.12 million, a price-to-earnings ratio of -3.05 and a beta of 0.41. The business has a 50-day simple moving average of C$0.12 and a 200-day simple moving average of C$0.14.

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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