Belo Sun Mining (TSE:BSX) Hits New 1-Year High – What’s Next?

Shares of Belo Sun Mining Corp (TSE:BSX) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06, with a volume of 1530 shares trading hands. The stock had previously closed at C$0.05.

Belo Sun Mining Trading Down 16.7 %

The company’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.05. 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 firm has a market cap of C$22.75 million, a PE ratio of -2.50, a P/E/G ratio of -0.33 and a beta of 2.24.

Belo Sun Mining (TSE:BSX) last announced its earnings results on Tuesday, August 6th. The company reported C($0.01) earnings per share for the quarter. As a group, sell-side analysts predict that Belo Sun Mining Corp will post -0.01 EPS for the current year.

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.