Belo Sun Mining (TSE:BSX) Sets New 12-Month High - Should You Buy?

Belo Sun Mining Corp (TSE:BSX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22, with a volume of 1298304 shares changing hands. The stock had previously closed at C$0.14.

Belo Sun Mining Stock Performance

The stock has a market capitalization of C$118.32 million, a P/E ratio of -13.00, a PEG ratio of -0.33 and a beta of 2.24. The stock's 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04.

Insider Buying and Selling at Belo Sun Mining

In other Belo Sun Mining news, Director Mark Price Eaton sold 298,500 shares of Belo Sun Mining stock in a transaction on Thursday, January 30th. The stock was sold at an average price of C$0.25, for a total value of C$73,878.75. Also, insider La Mancha Capital Management GP bought 256,230 shares of Belo Sun Mining stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of C$0.21 per share, for a total transaction of C$54,628.24. 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.