Medalist Capital Ltd. Acquires 3,545,000 Shares of Barksdale Resources (CVE:BRO) Stock

Barksdale Resources Corp. (CVE:BRO) insider Medalist Capital Ltd. bought 3,545,000 shares of the stock in a transaction 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 purchase, the insider directly owned 27,093,170 shares of the company’s stock, valued at approximately C$12,191,926.50. This represents a 15.05% increase in their ownership of the stock.

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 Stock Performance

Shares of BRO remained flat at C$0.52 during trading hours on Wednesday. The stock had a trading volume of 179,500 shares, compared to its average volume of 478,252. The company has a market capitalization of C$107.17 million, a P/E ratio of -17.33 and a beta of -1.50. The company’s 50 day simple moving average is C$0.24 and its 200 day simple moving average is C$0.16. Barksdale Resources Corp. has a 52 week low of C$0.06 and a 52 week high of C$0.54. The company has a debt-to-equity ratio of 16.39, a quick ratio of 1.56 and a current ratio of 0.64.

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.