Belo Sun Mining (TSE:BSX) Insider Buys C$62,400.00 in Stock

Key Points

• La Mancha Capital Management Gp acquired a total of 1,501,000 shares of Belo Sun Mining stock over several transactions from October 6th to October 9th, for an average price of C$0.30 per share, totaling C$400,950.
• After its recent purchases, La Mancha Capital Management Gp now owns 87,034,307 shares in Belo Sun Mining, increasing its stake by 0.24%.
• Belo Sun Mining's stock closed at C$0.30 on Friday, with a market capitalization of C$141.24 million, and has experienced a 52-week price range from C$0.04 to C$0.38.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Capital Management Gp acquired 208,000 shares of Belo Sun Mining stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of C$0.30 per share, with a total value of C$62,400.00. Following the completion of the purchase, the insider owned 87,034,307 shares in the company, valued at C$26,110,292.10. This represents a 0.24% increase in their position.

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

• On Monday, October 6th, La Mancha Capital Management Gp acquired 435,000 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.30 per share, with a total value of C$130,500.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp acquired 237,500 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.30 per share, with a total value of C$71,250.00.
• On Thursday, October 9th, La Mancha Capital Management Gp purchased 119,500 shares of Belo Sun Mining stock. The shares were bought at an average cost 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 shares were bought at an average cost of C$0.30 per share, for a total transaction of C$102,300.00.

Belo Sun Mining Stock Performance

Shares of TSE BSX traded down C$0.01 during trading on Friday, reaching C$0.30. 245,069 shares of the company traded hands, compared to its average volume of 265,229. The firm has a 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.25. 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 P/E/G ratio of -0.33 and a beta of 1.58. Belo Sun Mining Corp has a 52-week low of C$0.04 and a 52-week 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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