Belo Sun Mining (TSE:BSX) Trading Down 34.7% – Here’s What Happened

Shares of Belo Sun Mining Corp (TSE:BSX) were down 34.7% on Thursday . The company traded as low as C$0.40 and last traded at C$0.47. Approximately 4,661,593 shares traded hands during mid-day trading, an increase of 406% from the average daily volume of 921,306 shares. The stock had previously closed at C$0.72.

Belo Sun Mining Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.04 and a current ratio of 4.52. The company has a market cap of C$249.52 million, a price-to-earnings ratio of -26.50, a PEG ratio of -0.33 and a beta of 0.98. The business has a fifty day moving average price of C$0.50 and a 200 day moving average price of C$0.37.

Belo Sun Mining (TSE:BSX) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.00 earnings per share for the quarter. As a group, research analysts anticipate that Belo Sun Mining Corp will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Yousriya Loza acquired 119,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average price of C$0.32 per share, with a total value of C$38,080.00. Following the purchase, the insider directly owned 88,322,807 shares in the company, valued at approximately C$28,263,298.24. This trade represents a 0.13% increase in their ownership of the stock. Also, insider La Mancha Capital Management Gp bought 119,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average price of C$0.32 per share, for a total transaction of C$38,080.00. Following the transaction, the insider directly owned 88,322,807 shares of the company’s stock, valued at approximately C$28,263,298.24. This represents a 0.13% increase in their ownership of the stock. Insiders purchased a total of 507,000 shares of company stock worth $162,240 in the last three months. 3.08% of the stock is owned by corporate insiders.

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.