Belo Sun Mining (TSE:BSX) Insider Acquires C$71,250.00 in Stock

Key Points

• La Mancha Capital Management Gp, an insider at Belo Sun Mining, purchased 237,500 shares at C$0.30 per share, totaling C$71,250, increasing their ownership by 0.27% to about 87.27 million shares.
• In total, La Mancha Capital has made multiple recent purchases, acquiring over 1 million shares of Belo Sun Mining stock within a span of four days, all at an average price of C$0.30.
• Belo Sun Mining's stock is currently trading at C$0.30, with a market cap of C$141.24 million, having experienced fluctuations between a 12-month low of C$0.04 and a high of C$0.38.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Capital Management Gp purchased 237,500 shares of the stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average price of C$0.30 per share, for a total transaction of C$71,250.00. Following the completion of the transaction, the insider directly owned 87,271,807 shares of the company's stock, valued at approximately C$26,181,542.10. The trade was a 0.27% increase in their ownership of the stock.

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

• On Monday, October 6th, La Mancha Capital Management Gp purchased 435,000 shares of Belo Sun Mining stock. The stock was acquired at an average price of C$0.30 per share, for a total transaction of C$130,500.00.
• On Tuesday, October 7th, La Mancha Capital Management Gp purchased 208,000 shares of Belo Sun Mining stock. The stock was acquired at an average price of C$0.30 per share, for a total transaction of C$62,400.00.
• On Thursday, October 9th, La Mancha Capital Management Gp purchased 119,500 shares of Belo Sun Mining stock. The stock was acquired 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 acquired at an average price of C$0.30 per share, for a total transaction of C$102,300.00.

Belo Sun Mining Price Performance

Shares of BSX stock traded down C$0.01 during trading hours on Friday, hitting C$0.30. The company's stock had a trading volume of 245,069 shares, compared to its average volume of 265,229. The business has a fifty day moving average of C$0.28 and a 200-day moving average of C$0.25. The stock has a market cap of C$141.24 million, a price-to-earnings ratio of -15.00, a P/E/G ratio of -0.33 and a beta of 1.58. Belo Sun Mining Corp has a twelve month low of C$0.04 and a twelve month high of C$0.38. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01.

Belo Sun Mining Company Profile

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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