Barksdale Resources (CVE:BRO) Shares Down 14.6% – Here’s Why

Barksdale Resources Corp. (CVE:BRO) traded down 14.6% on Monday . The stock traded as low as C$0.34 and last traded at C$0.35. Approximately 749,189 shares were traded during mid-day trading, an increase of 64% from the average session volume of 456,414 shares. The stock had previously closed at C$0.41.

Barksdale Resources Price Performance

The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.56 and a current ratio of 0.64. The business has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.22. The firm has a market cap of C$57.71 million, a price-to-earnings ratio of -9.33 and a beta of -1.36.

Insider Buying and Selling at Barksdale Resources

In related news, insider Medalist Capital Ltd. bought 3,545,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$0.45 per share, with a total value of C$1,595,250.00. Following the completion of the transaction, the insider directly owned 27,093,170 shares in the company, valued at approximately C$12,191,926.50. This represents a 15.05% increase in their ownership of the stock. 2.44% of the stock is owned by corporate insiders.

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.