Belo Sun Mining (TSE:BSX) Stock Price Up 1.4% on Insider Buying Activity

Key Points

• Belo Sun Mining Corp's stock price increased by 1.4% following insider buying activity, with a high of C$0.38 and a last traded price of C$0.36.
• Insider La Mancha Capital Management purchased 216,000 shares at an average cost of C$0.30 per share, totaling approximately C$64,800, which reflects a 0.25% increase in their ownership.
• The company, which focuses on gold exploration and operates the Volta Grande Gold project in Brazil, has a market cap of C$167.13 million and notable liquidity ratios.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) traded up 1.4% during mid-day trading on Wednesday after an insider bought additional shares in the company. The company traded as high as C$0.38 and last traded at C$0.36. 667,863 shares changed hands during trading, an increase of 146% from the average session volume of 271,143 shares. The stock had previously closed at C$0.35.

Specifically, insider La Mancha Capital Management Gp bought 216,000 shares of the business's stock in a transaction on Friday, October 10th. The stock was purchased at an average cost of C$0.30 per share, for a total transaction of C$64,800.00. Following the completion of the transaction, the insider directly owned 87,948,307 shares of the company's stock, valued at approximately C$26,384,492.10. This trade represents a 0.25% increase in their position. Also, insider La Mancha Investments S.Ï¿½ R.L. bought 216,000 shares of Belo Sun Mining stock in a transaction dated Friday, October 10th. The stock was acquired at an average price of C$0.30 per share, with a total value of C$64,800.00. Following the acquisition, the insider directly owned 87,948,307 shares of the company's stock, valued at approximately C$26,384,492.10. This represents a 0.25% increase in their ownership of the stock. In other Belo Sun Mining news, insider Yousriya Loza bought 216,000 shares of the stock in a transaction on Friday, October 10th. The shares were purchased at an average cost of C$0.30 per share, with a total value of C$64,800.00. Following the completion of the transaction, the insider directly owned 87,948,307 shares of the company's stock, valued at C$26,384,492.10. This represents a 0.25% increase in their position.

Belo Sun Mining Trading Up 1.4%

The business'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 current ratio of 4.52 and a quick ratio of 13.04. The stock has a market cap of C$167.13 million, a P/E ratio of -17.75, a PEG ratio of -0.33 and a beta of 1.58.

Belo Sun Mining Company Profile

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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