La Mancha Capital Management Gp Buys 216,000 Shares of Belo Sun Mining (TSE:BSX) Stock

Key Points

• La Mancha Capital Management Gp purchased a total of 216,000 shares of Belo Sun Mining at an average cost of C$0.30, increasing their ownership stake to 87,948,307 shares valued at approximately C$26.38 million.
• Belo Sun Mining's stock traded up 9.8% to C$0.34 after recent acquisitions by insiders, with a notable trading volume of 780,287 shares on Tuesday.
• The company operates primarily in Canada and Brazil, focusing on gold exploration and is known for its Volta Grande Gold project.

Belo Sun Mining Corp (TSE:BSX - Get Free Report) insider La Mancha Capital Management Gp purchased 216,000 shares of the business's stock in a transaction on Friday, October 10th. The stock was bought at an average cost of C$0.30 per share, with a total value of C$64,800.00. Following the purchase, the insider owned 87,948,307 shares in the company, valued at approximately C$26,384,492.10. This represents a 0.25% increase in their ownership of the stock.

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

• On Monday, October 6th, La Mancha Capital Management Gp acquired 435,000 shares of Belo Sun Mining stock. The stock was acquired at an average cost of C$0.30 per share, with a total value of C$130,500.00.
• On Tuesday, October 7th, La Mancha Capital Management Gp purchased 208,000 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.30 per share, with a total value of C$62,400.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp purchased 237,500 shares of Belo Sun Mining stock. The shares were purchased at an average price of C$0.30 per share, with a total value of C$71,250.00.
• On Thursday, October 9th, La Mancha Capital Management Gp acquired 119,500 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, with a total value of C$35,850.00.
• On Thursday, October 9th, La Mancha Capital Management Gp acquired 341,000 shares of Belo Sun Mining stock. The stock was bought at an average price of C$0.30 per share, with a total value of C$102,300.00.

Belo Sun Mining Trading Up 9.8%

TSE BSX traded up C$0.03 during trading on Tuesday, hitting C$0.34. The company had a trading volume of 780,287 shares, compared to its average volume of 268,221. The company has a current ratio of 4.52, a quick ratio of 13.04 and a debt-to-equity ratio of 0.01. Belo Sun Mining Corp has a one year low of C$0.04 and a one year high of C$0.38. The company has a market cap of C$157.71 million, a price-to-earnings ratio of -16.75, a price-to-earnings-growth ratio of -0.33 and a beta of 1.58. The company's fifty day moving average is C$0.28 and its 200-day moving average is C$0.25.

About Belo Sun Mining

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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