Insider Selling: Barksdale Resources (CVE:BRO) Insider Sells C$418,750.00 in Stock

Barksdale Resources Corp. (CVE:BRO) insider Delbrook Capital Advisors Inc. sold 1,675,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of C$0.25, for a total transaction of C$418,750.00. Following the completion of the sale, the insider owned 47,707,842 shares in the company, valued at C$11,926,960.50. This represents a 3.39% decrease in their ownership of the stock.

Delbrook Capital Advisors Inc. also recently made the following trade(s):

• On Wednesday, October 28th, Delbrook Capital Advisors Inc. sold 325,000 shares of Barksdale Resources stock. The stock was sold at an average price of C$0.25, for a total transaction of C$81,250.00.

Barksdale Resources Price Performance

Shares of Barksdale Resources stock traded down C$0.01 during trading on Friday, hitting C$0.23. 31,088 shares of the company were exchanged, compared to its average volume of 485,521. Barksdale Resources Corp. has a fifty-two week low of C$0.07 and a fifty-two week high of C$0.55. The company has a quick ratio of 1.56, a current ratio of 6.63 and a debt-to-equity ratio of 10.23. The firm has a 50 day moving average price of C$0.24 and a 200 day moving average price of C$0.25. The stock has a market capitalization of C$81.80 million, a price-to-earnings ratio of -23.50 and a beta of -2.07.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$0.30.

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.