Barksdale Resources (CVE:BRO) Shares Down 14.6% – What’s Next?

Barksdale Resources Corp. (CVE:BRO)’s share price dropped 14.6% on Monday . The company traded as low as C$0.34 and last traded at C$0.35. Approximately 749,189 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 456,414 shares. The stock had previously closed at C$0.41.

Barksdale Resources Stock Performance

The stock has a market cap of C$74.19 million, a PE ratio of -12.00 and a beta of -1.36. 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 stock has a 50-day simple moving average of C$0.37 and a 200-day simple moving average of C$0.22.

Insider Buying and Selling at Barksdale Resources

In other news, insider Medalist Capital Ltd. acquired 3,545,000 shares of Barksdale Resources stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of C$0.45 per share, with a total value of C$1,595,250.00. Following the purchase, the insider directly 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. 2.44% of the stock is owned by corporate insiders.

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.