Bear Creek Mining (CVE:BCM) Shares Up 10.8% - Here's Why

Key Points

• Bear Creek Mining's shares surged by 10.8% during trading, reaching a high of C$0.75 before closing at C$0.72.
• The trading volume for the stock increased significantly, with over 2 million shares changing hands, a 313% rise compared to its average volume.
• Bear Creek Mining operates primarily in Peru and Mexico, focusing on the discovery of precious and base metals, including silver, lead, and gold.

Bear Creek Mining Co. (CVE:BCM - ) shares traded up 10.8% during trading on Wednesday . The company traded as high as C$0.75 and last traded at C$0.72. 2,046,394 shares were traded during trading, an increase of 313% from the average session volume of 496,095 shares. The stock had previously closed at C$0.65.

Bear Creek Mining Price Performance

The company has a market cap of C$210.37 million, a price-to-earnings ratio of -2.77, a price-to-earnings-growth ratio of -0.10 and a beta of 1.15. The company has a fifty day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.22. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 139.58.

About Bear Creek Mining

Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. The company holds 100% interest in Corani property that consists of various mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and holds 100% interest in Mercedes Gold Mine project consists of various mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.

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