Belo Sun Mining (TSE:BSX) Trading 76.8% Higher – Should You Buy?

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

Belo Sun Mining Stock Performance

The stock has a market capitalization of C$546.11 million, a PE ratio of -58.00, a price-to-earnings-growth 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. The stock has a fifty day moving average of C$0.65 and a 200-day moving average of C$0.44.

Belo Sun Mining Company Profile

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.