Barksdale Resources (CVE:BRO) Shares Up 5.7% – Still a Buy?

Barksdale Resources Corp. (CVE:BRO)’s share price traded up 5.7% on Tuesday . The stock traded as high as C$0.39 and last traded at C$0.37. Approximately 46,500 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 461,319 shares. The stock had previously closed at C$0.35.

Barksdale Resources Trading Up 7.9%

The company has a current ratio of 0.64, a quick ratio of 1.56 and a debt-to-equity ratio of 16.39. The company has a market cap of C$84.50 million, a PE ratio of -13.67 and a beta of -1.36. The business’s 50-day simple moving average is C$0.37 and its 200-day simple moving average is C$0.21.

Insider Buying and Selling at Barksdale Resources

In other news, insider Medalist Capital Ltd. acquired 3,545,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$0.45 per share, for a total transaction of C$1,595,250.00. Following the completion of the acquisition, the insider owned 27,093,170 shares in the company, valued at approximately C$12,191,926.50. The trade was a 15.05% increase in their ownership of the stock. 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.