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

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

Belo Sun Mining Stock Performance

The company has a fifty day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.13. The company has a market capitalization of C$91.01 million, a P/E ratio of -10.00, 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 La Mancha Capital Management GP acquired 229,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of C$0.18 per share, with a total value of C$41,220.00. Insiders purchased 427,285 shares of company stock worth $79,303 in the last quarter. 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.