Barksdale Resources (CVE:BRO) Stock Price Up 16.9% – Should You Buy?

Shares of Barksdale Resources Corp. (CVE:BRO) rose 16.9% on Wednesday . The stock traded as high as C$0.38 and last traded at C$0.38. 622,971 shares traded hands during mid-day 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 company has a debt-to-equity ratio of 16.39, a current ratio of 0.64 and a quick ratio of 1.56. The company has a market capitalization of C$78.32 million, a PE ratio of -12.67 and a beta of -1.36. The firm has a 50-day moving average of C$0.38 and a 200 day moving average of C$0.22.

Insider Transactions at Barksdale Resources

In related news, insider Medalist Capital Ltd. purchased 3,545,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$0.45 per share, with a total value of C$1,595,250.00. Following the acquisition, the insider directly owned 27,093,170 shares in the company, valued at C$12,191,926.50. The trade was a 15.05% increase in their position. Corporate insiders own 2.44% of the company’s stock.

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.