Belo Sun Mining (TSE:BSX) Trading Down 22.2% – Should You Sell?

by · The Markets Daily

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

Belo Sun Mining Stock Performance

The stock has a 50-day moving average of C$0.50 and a 200 day moving average of C$0.37. The stock has a market cap of C$263.64 million, a PE ratio of -28.00, a P/E/G ratio of -0.33 and a beta of 0.98. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

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

Insider Buying and Selling

In other news, insider La Mancha Capital Management Gp acquired 119,000 shares of the business’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 transaction, the insider owned 88,322,807 shares in the company, valued at approximately C$28,263,298.24. This trade represents a 0.13% increase in their ownership of the stock. Also, insider Yousriya Loza bought 119,000 shares of Belo Sun Mining stock in a transaction on Wednesday, November 5th. The shares were 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 purchase, the insider directly owned 88,322,807 shares of the company’s stock, valued at C$28,263,298.24. This trade represents a 0.13% increase in their ownership of the stock. Over the last ninety days, insiders bought 507,000 shares of company stock worth $162,240. Insiders own 3.08% of the company’s stock.

About Belo Sun Mining

(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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