Barksdale Resources (CVE:BRO) Trading Down 6.3% – Time to Sell?

Barksdale Resources Corp. (CVE:BRO)’s share price fell 6.3% on Monday . The company traded as low as C$0.14 and last traded at C$0.15. 347,683 shares were traded during trading, a decline of 13% from the average daily volume of 398,038 shares. The stock had previously closed at C$0.16.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised shares of Barksdale Resources from a “hold” rating to a “moderate buy” rating and reduced their price target for the company from C$0.40 to C$0.25 in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Barksdale Resources has a consensus rating of “Moderate Buy” and a consensus price target of C$0.25.

Barksdale Resources Stock Down 9.4%

The firm has a market cap of C$33.35 million, a price-to-earnings ratio of -7.25 and a beta of -0.88. The firm’s fifty day moving average is C$0.28 and its two-hundred day moving average is C$0.26. The company has a debt-to-equity ratio of 9.74, a current ratio of 7.29 and a quick ratio of 1.56.

Insider Buying and Selling at Barksdale Resources

In related news, insider Medalist Capital Ltd. acquired 839,330 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of C$0.52 per share, for a total transaction of C$436,451.60. Following the completion of the acquisition, the insider directly owned 27,932,500 shares of the company’s stock, valued at approximately C$14,524,900. The trade was a 3.10% increase in their position. 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.