Belo Sun Mining (TSE:BSX) Stock Price Up 14.9% – What’s Next?

Belo Sun Mining Corp (TSE:BSX)’s stock price traded up 14.9% during mid-day trading on Monday . The company traded as high as C$0.28 and last traded at C$0.27. 666,048 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 717,692 shares. The stock had previously closed at C$0.24.

Belo Sun Mining Price Performance

The company has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52. The stock has a market capitalization of C$102.39 million, a price-to-earnings ratio of -11.25, a PEG ratio of -0.33 and a beta of 2.24.

Insider Activity

In other Belo Sun Mining news, insider La Mancha Capital Management GP bought 256,230 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of C$0.21 per share, with a total value of C$54,628.24. Also, Director Mark Price Eaton sold 298,500 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of C$0.25, for a total transaction of C$73,878.75. Company insiders own 3.08% of the company’s stock.

Belo Sun Mining Company Profile

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. The company's primary project is the 100% owned Volta Grande Gold project consisting of 4 mining concession applications, 7 exploration permits, 62 exploration permits extension submitted, and 4 ratification submitted covering a total area of 155.032.61 hectares located in the northern region of Pará State, Brazil.