Barksdale Resources (CVE:BRO) Trading Down 10% – Should You Sell?

Barksdale Resources Corp. (CVE:BRO)’s stock price traded down 10% during mid-day trading on Thursday . The company traded as low as C$0.14 and last traded at C$0.14. 20,000 shares changed hands during trading, a decline of 94% from the average session volume of 312,150 shares. The stock had previously closed at C$0.15.

Barksdale Resources Price Performance

The stock has a market cap of C$17.68 million, a P/E ratio of -3.00 and a beta of -1.78. The company has a 50 day simple moving average of C$0.15 and a 200 day simple moving average of C$0.11. The company has a current ratio of 0.64, a quick ratio of 1.56 and a debt-to-equity ratio of 16.39.

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. 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.