Belo Sun Mining (TSE:BSX) Stock Price Up 76.8% – Time to Buy?

Shares of Belo Sun Mining Corp (TSE:BSX) shot up 76.8% on Wednesday . The company traded as high as C$1.05 and last traded at C$0.99. 7,566,826 shares changed hands during mid-day trading, an increase of 700% from the average session volume of 945,504 shares. The stock had previously closed at C$0.56.

Belo Sun Mining Stock Performance

The business has a fifty day moving average of C$0.65 and a 200 day moving average of C$0.44. The company has a market cap of C$546.11 million, a P/E ratio of -58.00, a P/E/G ratio of -0.33 and a beta of 1.32. The company has a quick ratio of 13.04, a current ratio of 4.52 and a debt-to-equity ratio of 0.01.

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.