Belo Sun Mining (TSE:BSX) Shares Down 11.3% - What's Next?

Belo Sun Mining Corp (TSE:BSX - Get Free Report) dropped 11.3% during trading on Monday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 293,443 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 287,323 shares. The stock had previously closed at C$0.31.

Belo Sun Mining Trading Down 8.2%

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 company has a market capitalization of C$127.42 million, a price-to-earnings ratio of -14.00, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The business's 50 day simple moving average is C$0.26 and its 200 day simple moving average is C$0.21.

Insider Buying and Selling at Belo Sun Mining

In other Belo Sun Mining news, insider Yousriya Loza-Sawiris acquired 836,500 shares of the company's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of C$0.20 per share, for a total transaction of C$164,706.85. Also, insider La Mancha Investments S.à r.l. purchased 836,500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of C$0.20 per share, for a total transaction of C$164,706.85. In the last three months, insiders have purchased 4,938,000 shares of company stock valued at $978,301. 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.