Key Points
- Medalist Capital Ltd. bought 6,913,089 Barksdale Resources shares at C$0.30 each, investing approximately C$2.07 million and increasing its stake by 23.98% to 35.75 million shares.
- Barksdale Resources shares opened at C$0.29, compared with a 52-week range of C$0.07 to C$0.55. The company has a market capitalization of approximately C$68.1 million.
- ATB Cormark upgraded the stock to “speculative buy” and raised its price target to C$0.30; the company currently has a consensus “Buy” rating from one covering analyst.
Barksdale Resources Corp. (CVE:BRO - Get Free Report) insider Medalist Capital Ltd. purchased 6,913,089 shares of the business's stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of C$0.30 per share, with a total value of C$2,073,926.70. Following the completion of the acquisition, the insider directly owned 35,746,589 shares in the company, valued at C$10,723,976.70. The trade was a 23.98% increase in their position.
Barksdale Resources Stock Performance
Shares of Barksdale Resources stock opened at C$0.29 on Friday. Barksdale Resources Corp. has a fifty-two week low of C$0.07 and a fifty-two week high of C$0.55. The firm has a market cap of C$68.11 million, a PE ratio of -29.00 and a beta of -1.74. The business's fifty day moving average is C$0.21 and its two-hundred day moving average is C$0.28. The company has a quick ratio of 1.56, a current ratio of 6.63 and a debt-to-equity ratio of 10.23.
Analyst Upgrades and Downgrades
Separately, ATB Cormark Capital Markets upgraded Barksdale Resources from a "sector perform" rating to a "speculative buy" rating and increased their target price for the stock from C$0.25 to C$0.30 in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Barksdale Resources currently has an average rating of "Buy" and a consensus target price of C$0.30.
View Our Latest Stock Analysis on BRO
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.
Further Reading
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