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

Barksdale Resources Corp. (CVE:BROGet Free Report)’s share price was down 20.8% during trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 167,000 shares changed hands 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 Down 20.8 %

The firm has a 50-day moving average price of C$0.12 and a 200 day moving average price of C$0.14. 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 has a market cap of C$12.47 million, a price-to-earnings ratio of -2.89 and a beta of 0.41.

About Barksdale Resources

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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.

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