Belo Sun Mining (TSE:BSX) Insider Buys C$64,800.00 in Stock

Key Points

• La Mancha Investments S.à r.l., an insider of Belo Sun Mining, purchased C$64,800 worth of shares, totaling 216,000 shares at an average cost of C$0.30 per share, increasing their total holdings to 87,948,307 shares.
• The stock price of Belo Sun Mining rose by C$0.03 to reach C$0.34 during mid-day trading, with a market capitalization of C$157.71 million.
• Belo Sun Mining is a Canada-based gold exploration company, known for its Volta Grande Gold project located in Brazil.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Investments S.Ï¿½ R.L. purchased 216,000 shares of the business's stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$64,800.00. Following the acquisition, the insider owned 87,948,307 shares in the company, valued at approximately C$26,384,492.10. The trade was a 0.25% increase in their position.

La Mancha Investments S.Ï¿½ R.L. also recently made the following trade(s):

• On Monday, October 6th, La Mancha Investments S.Ï¿½ R.L. purchased 435,000 shares of Belo Sun Mining stock. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$130,500.00.
• On Tuesday, October 7th, La Mancha Investments S.Ï¿½ R.L. purchased 208,000 shares of Belo Sun Mining stock. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$62,400.00.
• On Wednesday, October 8th, La Mancha Investments S.Ï¿½ R.L. bought 237,500 shares of Belo Sun Mining stock. The shares were acquired at an average cost of C$0.30 per share, for a total transaction of C$71,250.00.
• On Thursday, October 9th, La Mancha Investments S.Ï¿½ R.L. bought 119,500 shares of Belo Sun Mining stock. The shares were acquired 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 Investments S.Ï¿½ R.L. purchased 341,000 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$102,300.00.

Belo Sun Mining Price Performance

Shares of BSX stock traded up C$0.03 during mid-day trading on Tuesday, hitting C$0.34. 780,287 shares of the stock traded hands, compared to its average volume of 268,221. Belo Sun Mining Corp has a twelve month low of C$0.04 and a twelve month high of C$0.38. The firm has a market cap of C$157.71 million, a price-to-earnings ratio of -16.75, a price-to-earnings-growth ratio of -0.33 and a beta of 1.58. The company's 50-day simple moving average is C$0.28 and its 200-day simple moving average is C$0.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52.

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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