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Belo Sun Mining (TSE:BSX) Shares Up 17.6% - Still a Buy?

Belo Sun Mining logo with Basic Materials background

Shares of Belo Sun Mining Corp (TSE:BSX - Get Free Report) shot up 17.6% during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 229,550 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 312,911 shares. The stock had previously closed at C$0.09.

Belo Sun Mining Price Performance

The firm has a market cap of C$63.71 million, a P/E ratio of -7.00, a P/E/G ratio of -0.33 and a beta of 2.24. The firm's fifty day simple moving average is C$0.07 and its 200 day simple moving average is C$0.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

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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