Insider Buying: Barksdale Resources (CVE:BRO) Insider Acquires 3,545,000 Shares of Stock

Barksdale Resources Corp. (CVE:BROGet Free Report) insider Medalist Capital Ltd. acquired 3,545,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$0.45 per share, for a total transaction of C$1,595,250.00. Following the purchase, the insider directly owned 27,093,170 shares in the company, valued at approximately C$12,191,926.50. This represents a 15.05% increase in their position.

Medalist Capital Ltd. also recently made the following trade(s):

  • On Wednesday, May 13th, Medalist Capital Ltd. sold 1,000,000 shares of Barksdale Resources stock. The stock was sold at an average price of C$0.46, for a total value of C$460,000.00.

Barksdale Resources Price Performance

Shares of BRO remained flat at C$0.52 during midday trading on Wednesday. The stock had a trading volume of 179,500 shares, compared to its average volume of 478,252. Barksdale Resources Corp. has a 12 month low of C$0.06 and a 12 month high of C$0.54. 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 firm has a 50 day moving average of C$0.24 and a 200 day moving average of C$0.16. The firm has a market cap of C$107.17 million, a P/E ratio of -17.33 and a beta of -1.50.

About Barksdale Resources

(Get Free Report)

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.

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