Belo Sun Mining (TSE:BSX) Hits New 1-Year High - Still a Buy?

Belo Sun Mining Corp (TSE:BSX - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as C$0.38 and last traded at C$0.36, with a volume of 301746 shares traded. The stock had previously closed at C$0.33.

Belo Sun Mining Price Performance

The company has a market capitalization of C$159.27 million, a PE ratio of -17.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. 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 firm has a 50-day moving average of C$0.22 and a two-hundred day moving average of C$0.18.

Insider Transactions at Belo Sun Mining

In other news, insider La Mancha Investments S.à r.l. purchased 836,500 shares of the stock in a transaction dated Thursday, June 5th. The stock was acquired at an average cost of C$0.20 per share, for a total transaction of C$164,706.85. Also, insider La Mancha Capital Management GP purchased 186,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of C$0.20 per share, with a total value of C$37,200.00. Insiders bought a total of 5,250,285 shares of company stock worth $1,034,875 over the last ninety days. Company insiders own 3.08% of the company's stock.

About Belo Sun Mining

Belo Sun Mining Corp., through its subsidiaries, operates as a gold exploration and development company in Brazil. The company's primary project is the 100% owned Volta Grande Gold project consisting of 4 mining concession applications, 7 exploration permits, 62 exploration permits extension submitted, and 4 ratification submitted covering a total area of 155.032.61 hectares located in the northern region of Pará State, Brazil.