Barksdale Resources (CVE:BRO) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Barksdale Resources (CVE:BRO) from a hold rating to a moderate buy rating in a report issued on Wednesday, MarketBeat Ratings reports. ATB Cormark Capital Markets currently has C$0.25 price target on the stock, down from their prior price target of C$0.40.

Barksdale Resources Price Performance

Shares of BRO opened at C$0.23 on Wednesday. The company has a market capitalization of C$48.43 million, a P/E ratio of -7.83 and a beta of -0.87. Barksdale Resources has a fifty-two week low of C$0.07 and a fifty-two week high of C$0.55. The business’s 50-day moving average is C$0.34 and its two-hundred day moving average is C$0.26. The company has a debt-to-equity ratio of 9.74, a quick ratio of 1.56 and a current ratio of 7.29.

Insider Transactions at Barksdale Resources

In other news, insider Medalist Capital Ltd. acquired 839,330 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of C$0.52 per share, for a total transaction of C$436,451.60. Following the acquisition, the insider 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. 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.