Belo Sun Mining (TSE:BSX) Shares Down 2.8% – What’s Next?

Belo Sun Mining Corp (TSE:BSX) shares traded down 2.8% during mid-day trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.18. 29,900 shares were traded during mid-day trading, a decline of 94% from the average session volume of 465,128 shares. The stock had previously closed at C$0.18.

Belo Sun Mining Price Performance

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 stock has a market cap of C$79.64 million, a PE ratio of -8.75, a PEG ratio of -0.33 and a beta of 2.24. The business has a 50-day moving average price of C$0.19 and a 200 day moving average price of C$0.10.

Insider Activity

In other Belo Sun Mining news, Director Mark Price Eaton sold 298,500 shares of Belo Sun Mining stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of C$0.25, for a total transaction of C$73,878.75. Also, insider La Mancha Capital Management GP purchased 256,230 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of C$0.21 per share, for a total transaction of C$54,628.24. Insiders own 3.08% of the company’s stock.

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.