Barksdale Resources (CVE:BRO) Shares Down 12.5% – Should You Sell?

Barksdale Resources Corp. (CVE:BRO)’s share price traded down 12.5% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. 107,500 shares were traded during mid-day trading, a decline of 25% from the average session volume of 143,324 shares. The stock had previously closed at C$0.12.

Barksdale Resources Stock Down 16.7 %

The firm has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.14. The firm has a market cap of C$13.12 million, a price-to-earnings ratio of -3.05 and a beta of 0.41. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 6.17.

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.