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

Barksdale Resources Corp. (CVE:BRO)’s share price fell 20.8% during trading 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 Price Performance

The stock has a market capitalization of C$12.47 million, a price-to-earnings ratio of -2.89 and a beta of 0.41. The company has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.14. The company has a debt-to-equity ratio of 6.17, a quick ratio of 1.56 and a current ratio of 1.57.

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.