Belo Sun Mining (TSE:BSX) Stock Price Up 5% - Here's Why

Belo Sun Mining Corp (TSE:BSX - Get Free Report)'s share price rose 5% during mid-day trading on Monday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 43,500 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 395,137 shares. The stock had previously closed at C$0.20.

Belo Sun Mining Trading Up 5.0 %

The company has a market cap of C$95.56 million, a P/E ratio of -10.50, a PEG ratio of -0.33 and a beta of 2.24. The stock's 50 day moving average is C$0.19 and its 200-day moving average is C$0.13. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Belo Sun Mining

In related news, insider La Mancha Capital Management GP bought 229,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average price of C$0.18 per share, for a total transaction of C$41,220.00. Also, Director Mark Price Eaton sold 298,500 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of C$0.25, for a total transaction of C$73,878.75. In the last 90 days, insiders have purchased 317,285 shares of company stock worth $57,325. Company insiders own 3.08% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.