Barksdale Resources (CVE:BRO) Insider Delbrook Capital Advisors Inc. Sells 1,675,000 Shares of Company Stock

Barksdale Resources Corp. (CVE:BRO) insider Delbrook Capital Advisors Inc. sold 1,675,000 shares of Barksdale Resources stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of C$0.25, for a total transaction of C$418,750.00. Following the completion of the sale, the insider directly owned 47,707,842 shares of the company’s stock, valued at C$11,926,960.50. The trade was a 3.39% decrease in their ownership of the stock.

Delbrook Capital Advisors Inc. also recently made the following trade(s):

• On Wednesday, October 28th, Delbrook Capital Advisors Inc. sold 325,000 shares of Barksdale Resources stock. The shares were sold at an average price of C$0.25, for a total value of C$81,250.00.

Barksdale Resources Trading Down 2.1%

Shares of Barksdale Resources stock traded down C$0.01 during trading hours on Friday, reaching C$0.23. 31,088 shares of the company’s stock were exchanged, compared to its average volume of 485,521. Barksdale Resources Corp. has a 52-week low of C$0.07 and a 52-week high of C$0.55. The firm has a market capitalization of C$81.80 million, a price-to-earnings ratio of -23.50 and a beta of -2.07. The company has a fifty day moving average of C$0.24 and a 200-day moving average of C$0.25. The company has a current ratio of 6.63, a quick ratio of 1.56 and a debt-to-equity ratio of 10.23.

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 target price for the company from C$0.25 to C$0.30 in a research note on Wednesday, September 30th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Barksdale Resources has a consensus rating of “Buy” and an average price target of C$0.30.

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.