Barksdale Resources (CVE:BRO) Insider Medalist Capital Ltd. Buys 3,545,000 Shares

Barksdale Resources Corp. (CVE:BRO) insider Medalist Capital Ltd. purchased 3,545,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of C$0.45 per share, with a total value of C$1,595,250.00. Following the purchase, the insider directly owned 27,093,170 shares of the company’s stock, valued at approximately C$12,191,926.50. This represents a 15.05% increase in their position.

Medalist Capital Ltd. also recently made the following trade(s):

• On Wednesday, May 13th, Medalist Capital Ltd. sold 1,000,000 shares of Barksdale Resources stock. The shares were sold at an average price of C$0.46, for a total transaction of C$460,000.00.

Barksdale Resources Stock Performance

Shares of CVE:BRO opened at C$0.53 on Thursday. The company has a market capitalization of C$109.23 million, a price-to-earnings ratio of -17.67 and a beta of -1.50. Barksdale Resources Corp. has a 52 week low of C$0.06 and a 52 week high of C$0.54. The company has a quick ratio of 1.56, a current ratio of 0.64 and a debt-to-equity ratio of 16.39. The firm has a 50 day moving average of C$0.25 and a 200 day moving average of C$0.16.

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.