Barksdale Resources (CVE:BRO) Stock Price Down 13% – Time to Sell?

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

Barksdale Resources Trading Up 7.5%

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 business’s fifty day moving average is C$0.39 and its two-hundred day moving average is C$0.25. The firm has a market cap of C$44.31 million, a price-to-earnings ratio of -7.17 and a beta of -0.87.

Insider Activity at Barksdale Resources

In other news, insider Medalist Capital Ltd. bought 839,330 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of C$0.52 per share, for a total transaction of C$436,451.60. Following the completion of the transaction, the insider directly owned 27,932,500 shares in the company, valued at C$14,524,900. The trade was a 3.10% increase in their position. Company 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.