Barksdale Resources (CVE:BRO) Stock Price Down 13% – Here’s What Happened

Shares of Barksdale Resources Corp. (CVE:BRO) fell 13% during trading on Monday . The company traded as low as C$0.20 and last traded at C$0.20. 477,288 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 424,099 shares. The stock had previously closed at C$0.23.

Barksdale Resources Stock Down 10.9%

The company has a quick ratio of 1.56, a current ratio of 0.64 and a debt-to-equity ratio of 16.39. The firm has a market capitalization of C$42.25 million, a PE ratio of -6.83 and a beta of -0.87. The business has a 50-day moving average price of C$0.40 and a 200-day moving average price of C$0.25.

Insider Activity at Barksdale Resources

In related news, insider Medalist Capital Ltd. bought 3,545,000 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of C$0.45 per share, with a total value of C$1,595,250.00. Following the completion of the purchase, the insider directly owned 27,093,170 shares in the company, valued at C$12,191,926.50. This represents a 15.05% increase in their position. 2.44% of the stock is currently owned by company 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.