Belo Sun Mining (TSE:BSX) Trading Down 22.2% – Here’s What Happened

by · The Cerbat Gem

Belo Sun Mining Corp (TSE:BSX – Get Free Report) shares fell 22.2% during mid-day trading on Thursday . The stock traded as low as C$0.40 and last traded at C$0.56. 6,299,879 shares were traded during trading, an increase of 479% from the average session volume of 1,088,284 shares. The stock had previously closed at C$0.72.

Key Belo Sun Mining News

Here are the key news stories impacting Belo Sun Mining this week:

  • Positive Sentiment: Positive catalyst — Permit, environmental or court decision clearing a project milestone (would materially de‑risk the asset and likely lift the share price).
  • Positive Sentiment: Positive catalyst — Strong exploration or drill results (would increase resource confidence and investor interest).
  • Neutral Sentiment: Neutral catalyst — Financing announcement (equity or debt) — preserves runway but can dilute; price reaction depends on terms and use of proceeds.
  • Neutral Sentiment: Neutral catalyst — Corporate update on project schedule or feasibility studies — informative but market reaction depends on specifics.
  • Neutral Sentiment: Neutral catalyst — Broader gold/commodity price moves or sector flows; these move juniors together rather than company‑specific fundamentals.
  • Negative Sentiment: Negative catalyst — Adverse regulatory, permitting, or legal rulings in Brazil (would delay or jeopardize the project and pressure the stock).
  • Negative Sentiment: Negative catalyst — Poor drill results, cost overruns, or uncertainty about funding (would likely push the price down, especially on high volume).

Belo Sun Mining Price Performance

The company has a market cap of C$263.64 million, a P/E ratio of -28.00, a PEG ratio of -0.33 and a beta of 0.98. The firm’s 50-day moving average is C$0.51 and its two-hundred day moving average is C$0.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04.

Belo Sun Mining (TSE:BSX – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. Analysts anticipate that Belo Sun Mining Corp will post -0.01 earnings per share for the current year.

Insider Transactions at Belo Sun Mining

In other news, insider Yousriya Loza acquired 119,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average cost of C$0.32 per share, for a total transaction of C$38,080.00. Following the completion of the acquisition, the insider directly owned 88,322,807 shares of the company’s stock, valued at C$28,263,298.24. The trade was a 0.13% increase in their position. Also, insider La Mancha Capital Management Gp acquired 119,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average price of C$0.32 per share, for a total transaction of C$38,080.00. Following the completion of the purchase, the insider owned 88,322,807 shares of the company’s stock, valued at approximately C$28,263,298.24. This represents a 0.13% increase in their position. Over the last ninety days, insiders acquired 507,000 shares of company stock worth $162,240. 3.08% of the stock is currently owned by insiders.

Belo Sun Mining Company Profile

(Get Free Report)

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.

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