Barksdale Resources (CVE:BRO) Insider Medalist Capital Ltd. Purchases 6,913,089 Shares of Stock

Barksdale Resources Corp. (CVE:BRO) insider Medalist Capital Ltd. acquired 6,913,089 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of C$0.30 per share, with a total value of C$2,073,926.70. Following the completion of the transaction, the insider directly owned 35,746,589 shares in the company, valued at approximately C$10,723,976.70. The trade was a 23.98% increase in their ownership of the stock.

Barksdale Resources Price Performance

BRO stock opened at C$0.29 on Friday. Barksdale Resources Corp. has a 1 year low of C$0.07 and a 1 year high of C$0.55. The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.56 and a current ratio of 6.63. The stock’s 50 day moving average price is C$0.21 and its 200 day moving average price is C$0.28. The firm has a market cap of C$68.11 million, a P/E ratio of -29.00 and a beta of -1.74.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets upgraded Barksdale Resources from a “sector perform” rating to a “speculative buy” rating and upped their price objective for the company from C$0.25 to C$0.30 in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$0.30.

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.