Barksdale Resources (CVE:BRO) Shares Down 10.5% – Here’s Why

Barksdale Resources Corp. (CVE:BRO)’s share price was down 10.5% during trading on Monday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 148,000 shares traded hands during trading, an increase of 9% from the average daily volume of 135,917 shares. The stock had previously closed at C$0.10.

Barksdale Resources Stock Performance

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 business has a 50 day moving average of C$0.14 and a 200 day moving average of C$0.15. The company has a market capitalization of C$11.16 million, a P/E ratio of -2.59 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.