Belo Sun Mining (TSE:BSX) Insider Acquires C$130,500.00 in Stock

Key Points

• La Mancha Capital Management Gp acquired a total of C$130,500.00 in Belo Sun Mining stock, purchasing 435,000 shares at an average price of C$0.30 each on October 6th.
• Following recent transactions, La Mancha Capital Management Gp increased its ownership in Belo Sun Mining by 0.50%, bringing its total shares owned to 86,826,307, valued at approximately C$26 million.
• Belo Sun Mining's stock traded at C$0.30, with a market capitalization of C$141.24 million and significant indicators like a PE ratio of -15.00 and a debt-to-equity ratio of 0.01.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Capital Management Gp acquired 435,000 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of C$0.30 per share, for a total transaction of C$130,500.00. Following the completion of the transaction, the insider directly owned 86,826,307 shares in the company, valued at approximately C$26,047,892.10. This trade represents a 0.50% increase in their ownership of the stock.

La Mancha Capital Management Gp also recently made the following trade(s):

• On Tuesday, October 7th, La Mancha Capital Management Gp acquired 208,000 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.30 per share, for a total transaction of C$62,400.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp purchased 237,500 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, for a total transaction of C$71,250.00.
• On Thursday, October 9th, La Mancha Capital Management Gp purchased 119,500 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, for a total transaction of C$35,850.00.
• On Thursday, October 9th, La Mancha Capital Management Gp purchased 341,000 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, for a total transaction of C$102,300.00.

Belo Sun Mining Price Performance

TSE BSX traded down C$0.01 on Friday, reaching C$0.30. The company had a trading volume of 245,069 shares, compared to its average volume of 265,229. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$141.24 million, a PE ratio of -15.00, a price-to-earnings-growth ratio of -0.33 and a beta of 1.58. The firm's 50 day moving average price is C$0.28 and its 200 day moving average price is C$0.25. Belo Sun Mining Corp has a 12 month low of C$0.04 and a 12 month high of C$0.38.

About Belo Sun Mining

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.

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