Barksdale Resources (CVE:BRO) Stock Price Up 16.9% – Here’s What Happened

Barksdale Resources Corp. (CVE:BRO)’s share price traded up 16.9% during mid-day trading on Wednesday . The company 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 session volume of 464,083 shares. The stock had previously closed at C$0.33.

Barksdale Resources Stock Up 16.9%

The company’s 50-day moving average is C$0.38 and its 200 day moving average is C$0.22. The company has a market capitalization of C$78.32 million, a PE ratio of -12.67 and a beta of -1.36. The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.56 and a current ratio of 0.64.

Insider Activity at Barksdale Resources

In other news, insider Medalist Capital Ltd. purchased 839,330 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of C$0.52 per share, for a total transaction of C$436,451.60. Following the completion of the acquisition, the insider directly owned 27,932,500 shares in the company, valued at C$14,524,900. This represents a 3.10% increase in their position. 2.44% of the stock is currently owned by insiders.

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.