Barksdale Resources (CVE:BRO) Trading 16.9% Higher – Should You Buy?

Shares of Barksdale Resources Corp. (CVE:BRO) rose 16.9% on Wednesday . The company traded as high as C$0.38 and last traded at C$0.38. Approximately 622,971 shares traded hands during trading, an increase of 34% from the average daily volume of 464,083 shares. The stock had previously closed at C$0.33.

Barksdale Resources Price Performance

The stock has a 50-day simple moving average of C$0.39 and a 200 day simple moving average of C$0.22. The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.56 and a current ratio of 0.64. The company has a market cap of C$82.44 million, a P/E ratio of -13.33 and a beta of -1.36.

Insider Buying and Selling at Barksdale Resources

In other Barksdale Resources news, insider Medalist Capital Ltd. purchased 839,330 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of C$0.52 per share, with a total value of C$436,451.60. Following the completion of the transaction, the insider directly owned 27,932,500 shares of the company’s stock, valued at approximately C$14,524,900. This trade represents a 3.10% 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.