Belmont Resources (CVE:BEA) Shares Down 25% – Here’s What Happened

Shares of Belmont Resources Inc. (CVE:BEAGet Free Report) were down 25% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 140,917 shares were traded during mid-day trading, an increase of 57% from the average session volume of 89,571 shares. The stock had previously closed at C$0.04.

Belmont Resources Stock Performance

The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.04. The company has a market capitalization of C$3.97 million, a price-to-earnings ratio of -3.00 and a beta of -1.32.

About Belmont Resources

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Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada. It also holds interests in the Lone Star project located in Washington state; and the Kibby Basin project located in Nevada of the United States.

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