Belo Sun Mining (TSE:BSX) Trading Up 1.9% - Still a Buy?

Key Points

• Belo Sun Mining's share price rose by 1.9%, trading at C$0.28, although overall trading volume dropped significantly by 92%.
• Insiders have purchased a total of 4,065,000 shares worth approximately C$804,992 in the last 90 days, indicating potential confidence in the company's prospects.
• The company operates the Volta Grande Gold project in Brazil and has a market cap of C$129.47 million, with a negative P/E ratio of -13.75.

Belo Sun Mining Corp (TSE:BSX - )'s share price traded up 1.9% during trading on Wednesday . The company traded as high as C$0.28 and last traded at C$0.28. 23,136 shares were traded during trading, a decline of 92% from the average session volume of 274,464 shares. The stock had previously closed at C$0.27.

Belo Sun Mining Stock Performance

The business has a fifty day simple moving average of C$0.28 and a 200-day simple moving average of C$0.23. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$129.47 million, a P/E ratio of -13.75, a P/E/G ratio of -0.33 and a beta of 1.91.

Insider Transactions at Belo Sun Mining

In other news, insider La Mancha Capital Management GP acquired 836,500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of C$0.20 per share, for a total transaction of C$164,706.85. Also, insider Yousriya Loza acquired 253,500 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was purchased at an average price of C$0.20 per share, with a total value of C$50,623.95. Insiders have acquired a total of 4,065,000 shares of company stock worth $804,992 in the last ninety days. 3.08% of the stock is owned by company insiders.

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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