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

Barksdale Resources Corp. (CVE:BRO)’s share price traded down 16.1% during trading on Thursday . 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 Price Performance

The company’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.15. The stock has a market capitalization of C$18.04 million, a price-to-earnings ratio of -2.25 and a beta of 0.41. The company has a quick ratio of 1.56, a current ratio of 1.81 and a debt-to-equity ratio of 6.26.

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.