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Belo Sun Mining (TSE:BSX) Trading Up 14.9% - Here's What Happened

Belo Sun Mining logo with Basic Materials background

Belo Sun Mining Corp (TSE:BSX - Get Free Report)'s stock price was 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. Approximately 666,048 shares changed hands during trading, a decline of 7% from the average daily volume of 717,692 shares. The stock had previously closed at C$0.24.

Belo Sun Mining Stock Performance

The business has a 50-day moving average price of C$0.11 and a 200 day moving average price 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$95.56 million, a P/E ratio of -10.50, a PEG ratio of -0.33 and a beta of 2.24.

Insider Buying and Selling

In other Belo Sun Mining news, insider La Mancha Capital Management GP acquired 256,230 shares of Belo Sun Mining stock in a transaction that occurred on Monday, January 27th. The stock was bought 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 company's 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. 3.08% of the stock is owned by insiders.

About Belo Sun Mining

(Get Free Report)

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.

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