Barksdale Resources (CVE:BRO) Shares Down 20.8% – Time to Sell?

Barksdale Resources Corp. (CVE:BRO) shares were down 20.8% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 167,000 shares were traded during mid-day 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 company has a debt-to-equity ratio of 6.17, a quick ratio of 1.56 and a current ratio of 1.57. The business’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.14. The firm has a market cap of C$13.78 million, a price-to-earnings ratio of -3.20 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.