Barksdale Resources (CVE:BRO) Stock Price Down 6.8% – Should You Sell?

Barksdale Resources Corp. (CVE:BRO) fell 6.8% on Friday . The stock traded as low as C$0.27 and last traded at C$0.28. 269,650 shares changed hands during trading, a decline of 38% from the average daily volume of 436,506 shares. The stock had previously closed at C$0.29.

Barksdale Resources Stock Down 8.5%

The firm has a market capitalization of C$55.65 million, a PE ratio of -9.00 and a beta of -0.87. The company has a fifty day moving average price of C$0.41 and a 200-day moving average price of C$0.24. The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.56 and a current ratio of 0.64.

Insider Buying and Selling at Barksdale Resources

In other Barksdale Resources news, insider Medalist Capital Ltd. purchased 3,545,000 shares of Barksdale Resources stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$0.45 per share, for a total transaction of C$1,595,250.00. Following the completion of the transaction, the insider owned 27,093,170 shares of the company’s stock, valued at approximately C$12,191,926.50. This trade represents a 15.05% increase in their position. Company 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.