Insider Buying: Belo Sun Mining Corp (TSE:BSX) Insider Acquires 253,500 Shares of Stock

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Capital Management GP bought 253,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average price of C$0.20 per share, with a total value of C$50,623.95.

La Mancha Capital Management GP also recently made the following trade(s):

• On Thursday, June 5th, La Mancha Capital Management GP acquired 836,500 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.20 per share, with a total value of C$164,706.85.
• On Friday, May 30th, La Mancha Capital Management GP acquired 100,000 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.20 per share, with a total value of C$20,000.00.
• On Tuesday, May 27th, La Mancha Capital Management GP acquired 43,000 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.20 per share, with a total value of C$8,600.00.
• On Friday, May 16th, La Mancha Capital Management GP acquired 81,000 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.20 per share, with a total value of C$15,795.00.
• On Friday, May 2nd, La Mancha Capital Management GP acquired 91,000 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.20 per share, with a total value of C$18,145.40.
• On Monday, April 28th, La Mancha Capital Management GP bought 110,000 shares of Belo Sun Mining stock. The shares were acquired at an average cost of C$0.20 per share, with a total value of C$21,978.00.
• On Thursday, April 10th, La Mancha Capital Management GP bought 16,500 shares of Belo Sun Mining stock. The shares were acquired at an average cost of C$0.20 per share, with a total value of C$3,300.00.
• On Friday, April 4th, La Mancha Capital Management GP bought 66,785 shares of Belo Sun Mining stock. The shares were acquired at an average cost of C$0.18 per share, with a total value of C$12,054.69.
• On Wednesday, April 2nd, La Mancha Capital Management GP bought 229,000 shares of Belo Sun Mining stock. The shares were acquired at an average cost of C$0.18 per share, with a total value of C$41,220.00.

Belo Sun Mining Price Performance

Shares of TSE BSX remained flat at C$0.21 on Friday. 133,332 shares of the company's stock were exchanged, compared to its average volume of 304,200. Belo Sun Mining Corp has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.30. The company has a 50 day moving average of C$0.21 and a 200 day moving average of C$0.16. The stock has a market cap of C$95.56 million, a P/E ratio of -10.50, 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.

About Belo Sun Mining

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.