Barksdale Resources (CVE:BRO) Stock Price Down 13% – Should You Sell?

Barksdale Resources Corp. (CVE:BRO)’s stock price dropped 13% on Thursday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 199,000 shares traded hands during trading, a decline of 37% from the average daily volume of 317,752 shares. The stock had previously closed at C$0.23.

Barksdale Resources Stock Down 13.0%

The company has a market capitalization of C$41.22 million, a price-to-earnings ratio of -6.67 and a beta of -1.26. The stock’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.13. The company has a debt-to-equity ratio of 16.39, a current ratio of 0.64 and a quick ratio of 1.56.

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. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.