Insider Buying: Belo Sun Mining (TSE:BSX) Insider Acquires 341,000 Shares of Stock

Key Points

• La Mancha Capital Management Gp acquired 341,000 shares of Belo Sun Mining at a price of C$0.30 per share, bringing their total ownership to about 87.7 million shares valued at approximately C$26.3 million.
• Belo Sun Mining's stock decreased by 3.2% to C$0.30, with a trading volume of 245,069 shares, compared to its average of 265,229.
• The company, based in Canada, focuses on gold exploration and development, notably owning and operating the Volta Grande Gold project in Brazil.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Capital Management Gp bought 341,000 shares of the firm's stock in a transaction that occurred on Thursday, October 9th. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$102,300.00. Following the completion of the transaction, the insider directly owned 87,732,307 shares of the company's stock, valued at approximately C$26,319,692.10. The trade was a 0.39% increase in their position.

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

• On Monday, October 6th, La Mancha Capital Management Gp bought 435,000 shares of Belo Sun Mining stock. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$130,500.00.
• On Tuesday, October 7th, La Mancha Capital Management Gp bought 208,000 shares of Belo Sun Mining stock. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$62,400.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp bought 237,500 shares of Belo Sun Mining stock. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$71,250.00.
• On Thursday, October 9th, La Mancha Capital Management Gp bought 119,500 shares of Belo Sun Mining stock. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$35,850.00.

Belo Sun Mining Trading Down 3.2%

Shares of BSX traded down C$0.01 during mid-day trading on Friday, hitting C$0.30. The company had a trading volume of 245,069 shares, compared to its average volume of 265,229. The business's 50-day simple moving average is C$0.28 and its 200-day simple moving average is C$0.25. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. Belo Sun Mining Corp has a 1-year low of C$0.04 and a 1-year high of C$0.38. The stock has a market cap of C$141.24 million, a PE ratio of -15.00, a P/E/G ratio of -0.33 and a beta of 1.58.

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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