Barksdale Resources (CVE:BRO) Stock Price Down 6.8% – Here’s What Happened

Barksdale Resources Corp. (CVE:BRO)’s share price was down 6.8% on Friday . The stock traded as low as C$0.27 and last traded at C$0.28. 269,650 shares changed hands during trading, a decline of 38% from the average session volume of 436,506 shares. The stock had previously closed at C$0.29.

Barksdale Resources Stock Performance

The stock has a market capitalization of C$55.65 million, a PE ratio of -9.00 and a beta of -0.87. 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 firm’s fifty day moving average price is C$0.41 and its two-hundred day moving average price is C$0.24.

Insider Activity at Barksdale Resources

In other news, insider Medalist Capital Ltd. bought 839,330 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired 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. 2.44% of the stock is owned by corporate 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.