Bear Creek Mining (CVE:BCM) Shares Up 23.1% - Should You Buy?

Key Points

• Bear Creek Mining's stock surged by 23.1% on Tuesday, reaching a trading price of C$0.24 with over 1.3 million shares exchanged, significantly above its average daily volume.
• The company's market cap is approximately C$70.12 million and it has a P/E ratio of -0.92, indicating potential valuation concerns.
• Bear Creek Mining is focused on the acquisition and exploration of precious and base metals in Peru, with notable properties including the Corani property and the Mercedes Gold Mine project.

Shares of Bear Creek Mining Co. (CVE:BCM - ) were up 23.1% on Tuesday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 1,383,547 shares changed hands during trading, an increase of 257% from the average daily volume of 387,869 shares. The stock had previously closed at C$0.20.

Bear Creek Mining Trading Up 23.1%

The business has a 50 day moving average of C$0.19 and a two-hundred day moving average of C$0.20. The firm has a market cap of C$70.12 million, a P/E ratio of -0.92, a PEG ratio of -0.10 and a beta of 1.23. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 139.58.

Bear Creek Mining Company Profile

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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