Barksdale Resources Corp. (CVE:BRO – Get Free Report) shares were down 4.1% during trading on Monday. The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 10,600 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 491,133 shares. The stock had previously closed at C$0.24.
Wall Street Analyst Weigh In
Separately, ATB Cormark Capital Markets upgraded Barksdale Resources from a “sector perform” rating to a “speculative buy” rating and upped their price objective for the company from C$0.25 to C$0.30 in a research report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$0.30.
Check Out Our Latest Stock Analysis on BRO
Barksdale Resources Trading Down 2.1%
The stock’s 50-day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.25. The company has a debt-to-equity ratio of 10.23, a current ratio of 6.63 and a quick ratio of 1.56. The firm has a market capitalization of C$80.06 million, a P/E ratio of -23.00 and a beta of -2.07.
Insider Activity
In other Barksdale Resources news, insider Medalist Capital Ltd. bought 6,913,089 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of C$0.30 per share, with a total value of C$2,073,926.70. Following the purchase, the insider owned 35,746,589 shares of the company’s stock, valued at C$10,723,976.70. This trade represents a 23.98% increase in their ownership of the stock. Corporate insiders own 2.44% of the company’s stock.
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.
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