Belo Sun Mining (TSE:BSX) Shares Down 2.3% - Here's Why

Shares of Belo Sun Mining Corp (TSE:BSX - Get Free Report) fell 2.3% on Thursday . The company traded as low as C$0.21 and last traded at C$0.21. 72,452 shares changed hands during trading, a decline of 89% from the average session volume of 652,006 shares. The stock had previously closed at C$0.22.

Belo Sun Mining Stock Up 2.4 %

The business's fifty day moving average price is C$0.14 and its 200 day moving average price is C$0.08. The firm has a market capitalization of C$97.84 million, a price-to-earnings ratio of -10.75, a PEG ratio of -0.33 and a beta of 2.24. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01.

Insider Activity

In other Belo Sun Mining news, Director Mark Price Eaton sold 298,500 shares of the business's stock in a transaction on Thursday, January 30th. The shares were 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 acquired 256,230 shares of the company's stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of C$0.21 per share, for a total transaction of C$54,628.24. Corporate 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.