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Belo Sun Mining (TSE:BSX) Stock Price Up 10.2% - Time to Buy?

Belo Sun Mining logo with Basic Materials background

Shares of Belo Sun Mining Corp (TSE:BSX - Get Free Report) shot up 10.2% during trading on Tuesday . The stock traded as high as C$0.27 and last traded at C$0.27. 446,314 shares were traded during mid-day trading, an increase of 51% from the average session volume of 296,307 shares. The stock had previously closed at C$0.25.

Belo Sun Mining Trading Up 16.3%

The business's 50-day moving average is C$0.21 and its 200 day moving average is C$0.17. The firm has a market capitalization of C$129.69 million, a P/E ratio of -14.25, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04.

Insider Buying and Selling

In other news, insider Yousriya Loza acquired 186,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of C$0.20 per share, with a total value of C$37,200.00. Also, insider La Mancha Capital Management GP bought 836,500 shares of the stock in a transaction on Thursday, June 5th. The stock was purchased at an average cost of C$0.20 per share, with a total value of C$164,706.85. Insiders have purchased 5,250,285 shares of company stock valued at $1,034,875 over the last 90 days. 3.08% of the stock is owned by corporate insiders.

About Belo Sun Mining

(Get Free Report)

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.

See Also

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