Barksdale Resources (CVE:BRO) Stock Price Down 6.8% – Here’s Why

Barksdale Resources Corp. (CVE:BRO)’s share price traded down 6.8% during mid-day trading on Friday . The stock traded as low as C$0.27 and last traded at C$0.28. Approximately 269,650 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 436,506 shares. The stock had previously closed at C$0.29.

Barksdale Resources Stock Performance

The firm has a market capitalization of C$55.65 million, a P/E ratio of -9.00 and a beta of -0.87. The company has a debt-to-equity ratio of 16.39, a current ratio of 0.64 and a quick ratio of 1.56. The firm has a 50-day moving average price of C$0.41 and a two-hundred day moving average price of C$0.24.

Insider Transactions at Barksdale Resources

In other Barksdale Resources news, insider Medalist Capital Ltd. bought 3,545,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$0.45 per share, for a total transaction of C$1,595,250.00. Following the acquisition, the insider directly owned 27,093,170 shares in the company, valued at approximately 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 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.