Belo Sun Mining (TSE:BSX) Trading 10.2% Higher - What's Next?

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

Belo Sun Mining Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 13.04. The stock has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.18. The firm has a market cap of C$159.27 million, a PE ratio of -17.50, a PEG ratio of -0.33 and a beta of 2.24.

Insider Transactions at Belo Sun Mining

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

Belo Sun Mining Company Profile

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.