Barsele Minerals Corp (CVE:BME) was down 7.5% on Wednesday . The company traded as low as C$0.49 and last traded at C$0.49, approximately 1,000 shares traded hands during trading. A decline of 97% from the average daily volume of 30,103 shares. The stock had previously closed at C$0.53.
Separately, National Bank Financial restated an “outperform” rating on shares of Barsele Minerals in a research note on Sunday, October 20th.
The company has a market capitalization of $64.94 million and a PE ratio of -44.55. The company has a 50 day moving average price of C$0.54 and a 200 day moving average price of C$0.51.
Barsele Minerals Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Sweden. The company explores for gold, silver, and copper metal deposits. It holds 45% interest in the Barsele Gold project covering an area of 38,360 hectares located in Västerbottens Län.
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