Belo Sun Mining (TSE:BSX) Trading Down 12.9% - What's Next?

Belo Sun Mining Corp (TSE:BSX - Get Free Report) was down 12.9% on Monday . The company traded as low as C$0.30 and last traded at C$0.31. Approximately 158,730 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 304,344 shares. The stock had previously closed at C$0.35.

Belo Sun Mining Stock Performance

The stock has a market capitalization of C$141.07 million, a price-to-earnings ratio of -15.50, a price-to-earnings-growth ratio of -0.33 and a beta of 2.24. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average is C$0.22 and its two-hundred day moving average is C$0.18.

Insider Buying and Selling at Belo Sun Mining

In other Belo Sun Mining news, insider La Mancha Capital Management GP purchased 186,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of C$0.20 per share, with a total value of C$37,200.00. Also, insider La Mancha Investments S.à r.l. purchased 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. Over the last 90 days, insiders bought 5,250,285 shares of company stock valued at $1,034,875. Corporate 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.