Barksdale Resources (CVE:BRO) Stock Price Down 16.1% – Should You Sell?

Barksdale Resources Corp. (CVE:BRO)’s share price traded down 16.1% during mid-day trading on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. 544,100 shares changed hands during trading, an increase of 357% from the average session volume of 118,931 shares. The stock had previously closed at C$0.16.

Barksdale Resources Trading Up 7.7 %

The business’s 50 day simple moving average is C$0.16 and its 200 day simple moving average is C$0.15. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.81 and a quick ratio of 1.56. The company has a market capitalization of C$18.71 million, a price-to-earnings ratio of -2.33 and a beta of 0.41.

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.