Barksdale Resources (CVE:BRO) Hits New 52-Week High – Should You Buy?

Barksdale Resources Corp. (CVE:BRO) shares reached a new 52-week high on Tuesday . The stock traded as high as C$0.54 and last traded at C$0.53, with a volume of 1032429 shares traded. The stock had previously closed at C$0.52.

Barksdale Resources Stock Performance

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 50-day moving average is C$0.26 and its two-hundred day moving average is C$0.16. The stock has a market cap of C$109.23 million, a price-to-earnings ratio of -17.67 and a beta of -1.50.

Insider Buying and Selling at Barksdale Resources

In related news, insider Medalist Capital Ltd. purchased 3,545,000 shares of Barksdale Resources stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$0.45 per share, for a total transaction of C$1,595,250.00. Following the transaction, the insider directly owned 27,093,170 shares in the company, valued at approximately C$12,191,926.50. This trade represents a 15.05% increase in their ownership of the stock. 2.44% of the stock is currently owned by company 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.