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

Barksdale Resources Corp. (CVE:BRO) traded down 20.8% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 167,000 shares were traded during trading, an increase of 16% from the average session volume of 144,541 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Down 20.8 %

The company has a market cap of C$12.47 million, a P/E ratio of -2.89 and a beta of 0.41. The company has a debt-to-equity ratio of 6.17, a current ratio of 1.57 and a quick ratio of 1.56. The company’s 50-day moving average is C$0.12 and its two-hundred day moving average is C$0.14.

About Barksdale Resources

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.