Barksdale Resources (CVE:BRO) Trading Up 5.7% – Still a Buy?

Barksdale Resources Corp. (CVE:BRO)’s share price rose 5.7% during trading on Tuesday . The company traded as high as C$0.39 and last traded at C$0.37. Approximately 46,500 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 461,319 shares. The stock had previously closed at C$0.35.

Barksdale Resources Stock Performance

The stock has a 50 day moving average of C$0.36 and a 200 day moving average of C$0.21. 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 company has a market capitalization of C$76.26 million, a price-to-earnings ratio of -12.33 and a beta of -1.36.

Insider Activity at Barksdale Resources

In related news, insider Medalist Capital Ltd. acquired 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 cost of C$0.45 per share, with a total value of C$1,595,250.00. Following the completion of the purchase, the insider directly owned 27,093,170 shares in the company, valued at C$12,191,926.50. The trade was a 15.05% increase in their ownership of the stock. 2.44% of the stock is currently 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.